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Plans announced for 598 new homes in Shankill

Written by Robert McHugh, on 20th Dec 2019. Posted in Property

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Dún Laoghaire Rathdown County Council in partnership with the Land Development Agency (LDA) have announced plans to deliver 598 new homes at Shanganagh in Shankill, Co. Dublin. They say this partnership enables the Council to fast-track the delivery of much-needed homes.

This development will be one of the first projects to be backed by the LDA, which was established by the Government to unlock State land for new homes and improve the supply of new homes throughout Ireland.

It will include (subject to planning permission and the final decision of the Council’s elected members):
307 cost-rental homes, which will offer long-term security of tenure to people who struggle to access homes at affordable levels
200 social homes
91 affordable purchase homes

Fifty one percent of the proposed development will be devoted to cost rental homes, the LDA say this is a new form of tenure in Ireland and will result in more affordable rents for households who struggle to pay private rents. 

Speaking this week, An Cathaoirleach, Councillor Shay Brennan said, "This is excellent news for people looking to buy or rent a home in our area and will make a significant contribution to meeting the Council’s social housing requirements and will provide an opportunity for people to purchase or rent a home at an affordable cost. The development will offer people an attractive place to live that is close to key transport links and supported by a wide range of local amenities. We look forward to continuing to work in partnership with the LDA to complete these homes and have people living in them as soon as possible."

LDA Chief Executive, John Coleman addded, "This landmark development for the LDA is the first of many projects in our pipeline. It will be one of the largest residential construction projects in Ireland and is a major statement of our intent to help renters, buyers and people in need of social housing with large-scale delivery of high-quality new homes. It also points to the effectiveness of the LDA and the potential to work with local authorities and other public landowner partners."

Source: www.businessworld.ie

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