The Government have given the green light to the construction of 597 public housing units in Shanganagh near Shankill.
Minister for Housing, Darragh O’Brien TD has obtained close to€18M in funding for the massive housing project, which was granted planning permission last summer.
The public housing units will include 306 cost-rental homes, 200 social housing units, and 91 units for affordable purchase.
The development is currently the largest social and affordable scheme with planning permission in Ireland.
Fianna Fail TD for Dun Laoghaire and Dublin spokesperson, Cormac Devlin said: “News that Minister Darragh O’Brien has allocated €17.6m for the construction of 597 badly needed public housing units in Shanganagh is very welcome.
“Significantly, the 306 cost-rental units will assist those people earning above the eligibility threshold for social housing or HAP but struggling to pay market rent while also saving for a deposit to buy their own home.
“It is anticipated the cost-rental units will be let for about €1,000 per month for one-bed and €1,200 to €1,300 per month for two-bed units, this represents a significant discount on average rents in Dun Laoghaire.
"Given the location, amenities and convenient access to the DART, I expect the cost-rental units will be highly sought after.”
The scheme will be developed by the Land Development Agency on a 9.6 hectares site beside Shanganagh Castle and Shanganagh Park, and will be a 10 minutes walk from the proposed DART station at Woodbrook.
Planning permission for the project was granted by An Bord Pleanala in July 2020.
Dun Laoghaire-Rathdown County Councillors voted to approve the scheme in November 2020.
Construction is expected to begin on the site in the first half of 2021.
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