Funding approved for affordable homes

Funding was recently approved at Government level for more than 300 new affordable homes in Cork.

The Minister for Housing, Local Government and Heritage, Darragh O’Brien approved funding of just over €25 m for 337 homes under the Affordable Housing Fund (AHF) and Housing For All.

These include:

• 134 new affordable purchase homes at St. Joseph’s Road Mallow.

• 112 affordable purchase homes at Cammogue, Kinsale

• 31 new affordable purchase homes at Beechgrove Clonakilty

• 60 new cost rental homes at Kilnagleary, Carrigaline

The Department of Housing said that Housing For All represents the “most significant and comprehensive housing plan” whihc is backed by €4 billion annually. Funding is made available to assist local authority affordable housing delivery, for purchase and rent, through the Affordable Housing Fund (AHF).

National affordable housing delivery targets were published in Housing for All for 2022 – 2030. Overall targets to 2030 include 54,000 affordable housing units; 36,000 of which will be affordable purchase homes, with the remaining 18,000 to be cost rental units.

Minister O’Brien said: “I am delighted to approve this significant funding today which will result in more than 300 new affordable homes in Co. Cork, the first of which will be delivered next year.

“I visited Co. Cork recently and I have to commend the progressive executives and elected members in both the city and county councils who are continuously seeking opportunities for new homes across the county.”

The Fianna Fáil TD added: “Government are very much aware of the need to significantly increase our supply of all types of housing – social housing, affordable housing, cost rental and indeed private housing. We have a plan, it’s beginning to take hold, and we will continue to use every tool in our armoury to provide much needed homes for our people.”