CASTLETROY is to get 25 new affordable homes following an announcement that Minister for Housing, Local Government, and Heritage Darragh O’Brien has approved funding of €1.875m under the Affordable Housing Fund for the scheme.
The funding to build at Bru na Grudan will mean that first time buyers and those seeking a fresh-start will be eligible to buy homes at a much lower than market price.
Limerick City and County Council aim to deliver the homes in 2023 as part of an advance purchase arrangement with FHSH Development Limited.
The announcement has been welcomed by Castletroy-based Fine Gael TD Kieran O’Donnell.
“I am delighted to welcome the announcement. Living in Castletroy, I am very aware of the need to deliver affordable housing in Limerick for people and families and this announcement of 25 affordable purchase homes is key to ensuring Government’s Housing for All Plan delivers on our targets for the City,” said Deputy O’Donnell.
“I wish to commend Limerick City and County Council here, who have been instrumental in bringing this project forward and I look forward to seeing these new affordable houses being built with new first-start buyers making their homes in Castletroy.”
Minister O’Brien said that he was “delighted to give approval to these 25 much needed affordable homes”.
“Increasing homeownership is a priority for this Government and we will significantly scale up our pace of delivery.
“I know just how acutely the affordability constraints are felt by people, both young and not so young, and the struggle they face in finding a home in their own locality.
“We have put affordability at the heart of this Government’s housing plans and this year will see a significant ramping up of affordable homes for sale and rent – something which we have not seen in this country in over a decade,” Minister O’Brien concluded.