Dublin’s local authorities have launched a new initiative to support the Dublin housing market and are looking to activate or complete housing sites with planning permissions across the city and county. They have issued a joint call to home builders and housing developers to offer the four councils houses and apartments with planning permission in unbuilt or partially commenced developments under a scheme which provides for the advance purchase of turnkey residential units for social and affordable housing.
It is estimated that there are over 55,000 houses and apartments on about 280 sites across the Dublin region that have planning permission but have not been started and there are more that are incomplete. Under the scheme, four local authorities will purchase the homes in advance, in order to activate or reboot the project. When the homes are completed, they will be allocated to people on the housing list, sold as affordable homes, or made available for cost rental as part of an affordable housing scheme. The four councils will consider turnkey residential units in completed developments, or in developments due for completion in 2023, 2024, 2025 and 2026. Read the full story here.