Plan to provide 1300 homes in Dublin 'will stack up and can be delivered' - council
DUBLIN City Council has said that it believes its ambitious plan to provide some 1300 homes “will stack up and can be delivered”.
Officials presented details of its plan to provide some 1300 housing units at four sites across the city.
The homes will be a mix of private, affordable and social housing with an emphasis on starter homes.
Housing executive Tony Flynn said that the housing initiative was designed to tackle the lack of homes, and problems facing young buyers who want to get their foot on the property ladder.
He told a special meeting of two council committees today that Dublin City Council (DCC) planned to deliver two bedroom homes for around €240,000 and three-bedroom homes for approximately €265,000 under the model.
“We feel that we can get much more competitive prices [than current market prices],” he said.
A pilot affordable rental model has also been proposed which would allow people to rent homes for 20pc less than the market rate in the area or 30pc of the combined household income, whichever figure is less.
Those homes were designed to aid those in the “middle ground that are squeezed out” Mr Flynn said.
“There is people falling out of the bottom all the time,” he added.
In the short term it is envisaged that the lands on the Oscar Traynor Road can be developed ahead of the other sites identified at O’Devaney’s Gardens in the north inner city, St Michael’s Estate in Inchicore and Belcamp in Clongriffin.
The Oscar Traynor road site has been selected as the area which can be developed with the least delays.
It is the most ambitious housing initiative undertaken by the council since the economic crash.
“Here-to-fore you went out with a parcel of land and got the best price… [this is] radically different from what we would normally do,” Mr Flynn said.
Councillors backed the plan at a joint meeting of the housing and planning SPCs in city hall.
DCC has said that it will need capital funding to progress and an initial €8m to begin enabling works at the sites.
The fast-tracked development at Oscar Traynor Road could provide space for 655 units, which would include 74 social houses, 40 senior citizens and 79 affordable rental homes. The remaining homes will be a mix of private and starter homes.
The plans will now go to the full city council meeting in January.