Construction of nearly 600 public housing units in Shanganagh have been given the greenlight by the Minister for Housing.
Exchequer funding of €17,665,500 will be provided for the project, under the Serviced Sites Fund.
The new development will see 597 public housing units constructed, including 200 social housing units, 306 cost-rental homes, and 91 units available for affordable purchase.
The development is currently the largest social and affordable scheme with planning permission in Ireland.
Speaking about the project, Fianna Fáil TD for Dún 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 €1200 to €1,300 per month for two-bed units, this represents a significant discount on average rents in Dún Laoghaire. Given the location, amenities and convenient access to the DART, I expect the cost-rental units will be highly sought after.”
The site will be within 10 minutes walk of the proposed DART station at Woodbrook, and will be developed by the Land Development Agency on a 9.6 hectare site, located adjacent to Shanganagh Park and Shanganagh Castle.
Construction on the project is expected to start in the first half of 2021.