New affordable homes announced for Castletroy

The new homes are in Newton Meadows, Castletroy.

10 NEW affordable homes are being brought to the market by Limerick City and County Council at Newtown Meadows in Castletroy.

The three-bed homes are available under the Affordable Housing Act to first-time buyers and fresh start applicants who do not own a home.

Prices are set around 18 per cent below market value, with the homes being aimed at buyers under a gross household income limit of โ‚ฌ80,708.

Under the scheme, the Council will take a percentage equity share in the home, equal to the difference between market value and the price paid by the purchaser.

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Applications for prospective purchasers can be made between noon on September 15 and October 13. Applications received first will be given priority, a statement from the Council read.