A major new urban area is to be created in south-east Dublin following the approval of more than € 17 million for site services by Housing Minister Darragh O’Brien.
The Shanganagh program will include 597 public housing units, including 306 rental units, 200 social housing units and 91 affordable housing units. The development is the state’s largest social and affordable program with a full building permit.
Rental units are expected to be rented for around € 1,000 per month for one-bedroom units and € 1,200 to € 1,300 per month for two-bedroom units, which represents a significant reduction in average rents of the region.
The project is implemented by Dún Laoghaire-Rathdown County Council and the Land Development Agency on a 9.6 hectare site adjacent to Shanganagh Castle and Shanganagh Park in Shankill, County Dublin.
The council is expected to add more than 2 million euros to the site services fund, bringing the total available for water services, landscaping, roads and walking or cycling routes to 19.85 million euros .
Rental housing at cost price is offered to prospective tenants whose income is above the threshold of conventional social housing. The Affordable Buying Program is for buyers whose income would not generally secure an adequate mortgage in the open market.
The new homes will be within a 10-minute walk of a new DART station being developed by Iarnród Éireann in Woodbrook, north of Bray. An Bord Pleanála granted development planning approval last July.
The project, designed by ABK Architects, is valued at 180 million euros. Work is expected to start on the site in the first half of 2021.
Dún Laoghaire-Rathdown County Council asked the Housing Ministry for funding for land servicing last October, after obtaining the building permit last July. The council said the land associated with the rental units at cost will be transferred to the Land Development Agency for a 150-year lease.
The news of the funding was greeted by Fianna Fáil TD for Dún Laoghaire Cormac Devlin who said that Mr. O’Brien “has allocated 17.6 million euros for the construction of 597 social housing units which are badly needed in Shanganagh and it is very welcome “.
Mr Devlin said cost-priced one-bedroom rental homes are expected to be available at around € 1,000 per month, with both bedrooms costing € 1,200.
He said it was important that the 306 rental units at cost “will help people earning above the threshold for social housing or housing assistance payments, but who are struggling to afford the cost. market rent while saving for a deposit to buy their own home “.
Dún Laoghaire People Before Profit TD, Richard Boyd Barrett, said it was “a long time ago”. He said the land was transferred from Justice Department ownership over a decade ago, and despite numerous appeals, “not a shit has been shot yet”.
He also said the success of the program will lie in the link between cost-priced rental units and affordable housing and the incomes of those in need of housing. “If it’s related to the needs of the Land Development Agency for a return on funding, or in any way to house prices in the area, then it won’t be affordable,” he said. .
Information on housing programs is available at shanganaghcastleresidential.ie