Nama chief executive Brendan McDonagh and chairman Frank Daly at the launch of NAMA annual report 2013 in May
RTÉ reports that Nama identified more than 5,200 homes as potentially suitable for social housing.
But that only 736 have actually been delivered for such housing.
Local authorities rejected some 2,800 of the homes because they were believed to be unsuitable.
Spokesperson for homeless charity Focus Ireland, Mike Allen says NAMA must concentrate on delivering substantial numbers of quality social housing units:
“The units have been turned down by local authorities as unsuitable for social housing now that might be that they are just badly built and they would be a huge liability or it might be that they are in areas where there is already a very high density of local authority housing and it’s not appropriate to have more.
“The simple fact is that not enough homes are coming through to us from NAMA and that’s an absolute fact which we would stand over and say that something should be done about,” he said.