Minister Darragh O’Brien approves funding for 25-unit affordable homes at Bru Na Gruadan Castletroy

Bru Na Gruadan Castletroy funding has been approved for 25-unit affordable homes.

First-time buyers and those seeking a fresh start will be eligible to purchase homes which are significantly discounted from market rates

The Minister for Housing, Local Government and Heritage, Darragh O’Brien has approved funding of €1.875m under the Affordable Housing Fund for 25 affordable purchase homes at Bru Na Gruadan Castletroy.

The funding will mean that first-time buyers and those seeking a fresh start will be eligible to purchase homes which are significantly discounted from local market rates in Bru Na Gruadan Castletroy. Limerick City and County Council, who have been instrumental in bringing this project to fruition, aim to deliver the homes in 2023 as part of an advance purchase arrangement with FHSH Development Limited.

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Minister O’Brien said, “I was delighted to give approval today to these 25 much-needed affordable homes under the Affordable Housing Fund. Increasing homeownership is a priority for this Government and we will significantly scale up our pace of delivery.

“Our ‘Housing for All’ plan sets us on a pathway to delivering 54,000 affordable homes to purchase and rent by the end of 2030 and reflects our priority of creating a long-term sustainable housing system.

“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 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,” he concluded.

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