New Homes in Connaught, Leinster, Munster & Ulster
Some 70 new homes were provided in September and October covering the length and breadth of the country. Amongst the new properties delivered were homes located in Galway City, Sandyford, Macroom and Cavan Town’s.
An Leargan, Galway City has provided twelve apartments for small families with stunning views of Galway Bay. The scheme was a design and build project facilitated by NAMA and completed by O’Malley Construction. The small block forms part of a larger completed scheme. The scheme was financed by way of State provided CALF monies (25%) and (70%) private finance, via Ulster Bank on a fixed rate basis, with the reminder of money coming from Túath Reserves (5%). It was a landmark deal for the association as it represents our first scheme to be financed by Ulster Bank.
Thirty five families received keys to their new homes in Rockbrook, Sandyford, South County Dublin. The association worked in collaboration with Dun Laoghaire Rathdown County Council to let high quality accommodation via a mix of 1, 2 and 3 bed apartments for persons and families from the Council’s waiting list. The association is managing the scheme on behalf of the Council.
Six family houses were provided in Macroom, Co Cork following completion of an unfinished estate with huge input and assistance from both NAMA and the County Council to ensure that the scheme was properly completed to enable the developments to be taken in charge by the Local Authority, satisfying existing residents along with new tenants moving in. The scheme was financed by way of State provided CALF monies (30%) and (70%) private finance via the Housing Finance Agency on a fixed rate basis. Bronagh D’Arcy, Túath’s Director of Development;
‘The acquisition was our third draw down of loan finance from the Housing Finance Agency. We sincerely thank the HFA, NAMA and the Council for their patience on what proved to be a long and drawn out project.’
November 6th, 2014