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Dublin: 11 °C Thursday 20 June, 2013

NAMA suggests 332 apartments to be used for Priory Hall residents

NAMA hands handed over a list of properties which could be used to house residents, and will cover the cost of completion works.

Niamh Ryan and her son Clyde, who turned 7 today, in the Regency Hotel in Dublin. They are being housed in the hotel after being told to evacuate their home at the Priory Hall apartment complex.
Niamh Ryan and her son Clyde, who turned 7 today, in the Regency Hotel in Dublin. They are being housed in the hotel after being told to evacuate their home at the Priory Hall apartment complex.
Image: Leon Farrell/Photocall Ireland

THE NATIONAL ASSET Management Agency has this evening given Dublin City Council a list of over 300 apartments which it says could be considered by the council to rehouse residents from the Priory Hall apartment complex.

Residents from the complex have been forced to leave their homes after a court ordered its evacuation amid grave concerns over the fire safety of the apartments.

The block’s 250 residents, from 65 families, are now living in hotels until they can be given alternative accommodation ahead of tomorrow’s deadline for the total evacuation of the building in Donaghmede, Dublin 13.

NAMA’s list of 332 apartments includes some developments where work has not finished completion.

In a statement this evening the agency said that such works could be completed within two to three weeks from agreement, and that it had agreed to fund the cost of completing the work.

Dublin City Council will now approach the owners of the proposed apartments directly, in order to agree commercial terms for their rental to house the displaced residents.

The apartments on NAMA’s list are all based in Dublin 11, Dublin 13 and Dublin 17.

NAMA’s list of accommodation comes after Coalport Developments, who built the complex during Ireland’s construction boom, admitted it did not have the resources to cover the cost of alternative accommodation.

Thomas McFeely and Lawrence O’Mahony, its directors, have had their assets frozen and have been ordered to surrender their passports.

NAMA had not taken over the loan for Priory Hall from the developers, in accordance with its policy of refusing loans which it cannot realise.

RTÉ News reports Dublin City Council had already secured 22 housing units across the city and would try to house the affected families in appropriate accommodation.

The Department of Education says it will cover the cost of school transport for children who have had to move as a result of the evacuation.

Read: Priory Hall developers told to hand over passports >

In pictures: Families pack their belongings at Priory Hall >

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Comments (21 Comments)

  • Am I misreading this or are all these people now expected to pay mortgages as well as rent their new places, or have they had their mortgages quashed?
    Or does this just apply to those who were lucky enough not to own theirs?

    Reply
    • @Shanty Om Good point! The article is not clear. A list of the apartments has been given by NAMA to the council for them to agree commercial terms for rental with the owners. Is this a purchase by the council from NAMA to in turn rent to the residents. I just hope that this wont let those gerry builders off the hook!

      Reply
    • Folks – to be clear, the bill for alternative accommodation will be footed by the Council, as is currently the case for the emergency hotel acommodation.

      NAMA has merely said it’s not going to be involved in negotiating commercial terms between the Council and the apartment owners.

      Reply
    • Thank you Gavin, it did look kinda ambiguous there :)

      Reply
    • Thanks Gavin!
      Clear on that point. Just thought that NAMA owned these apartments as part of the takeover of developers portfolios. Now it seems the’re acting as estate agents. I’m confused still!

      Reply
    • My thought exactly Jesus why not put These people into the workhouse while yea are at it
      NAMA SHOULD BE TAKING THEITR MORTGAGES FROM THEM AND PASS THAT DEBT BACK TO DEVELOPER AND LET THE RESIDENTS START AGAIN AS FIRST TIME BUYERS IT IS NOT THEIR FAULT FOR GODS SAKE

      Reply
  • To paraphrase Bertie – ‘A little done a lot more to do’ – If we had only known what he had meant!

    Reply
  • Negotiating terms?? Do we not already own these vacant apartments?

    Reply
  • Was listening to one of the residents yesterday on the radio she said that she would be happy if her mortgage was transfered to another property.

    Reply
  • Hold on, if the apartments are in NAMA hands then why does the Council have to pay anything? We as a country essentially own those apartments through defaults so there shouldn’t be any costs apart from short term relocation expenses.Right?

    Reply
  • At last there seems to be some joined up thinking going on here re houses , nama, and priory hall evacuees… but I will hold out and see how these poor people will end up, before I give my final verdict.

    Reply
  • disgraceful situation for the homeowners – I hope their new accommodation is better…. This kind of thing will probably be the next big issue – houses falling down/disintegrating due to shoddy building work.

    I can’t see why Dublin city council should have to pay NAMA for the alternative accommodation – don’t we all own these empty buildings that they are offering??

    If I was one of those tenants I’d never move back to Priory Hall

    Reply
  • Hey Now! Why don’t NAMA get some of those apartments where developers have ‘stopped playing ball’ and just give them to these people?
    Hey! Am I catching on Gavin?

    Reply
  • some great ideas here, quash mortgages, give people new appartments for free, can i have 2 please

    Reply
  • “We as a country essentially own those apartments through defaults so there shouldn’t be any costs apart from short term relocation expenses.”

    I don’t have any house, I rent. And cannot see any difference between people renting and those families. They pay morgage to bank, I pay rent to landlord. Why any person renting cannot occupy these appartments If we own them through defaults as a taxpayers?

    Reply
  • Insurance companies for architects & engineers professional indemnity will pay out, premiums will go up. Consumer pays. What’s new! We all pay everyone else’s bills and then struggle with our own.

    Reply
    • This is not the comment I made! I said: the professional indemnity insurance companies for the architects / engineers will pay out for malpractice, then everyone’s premium will go up, consumers pays! As usual we all pay everyone else’s bill but are forced to struggle with our own.

      Reply

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