Monday 23 October 2017

Housing body renting homes at €55 a week

New figures show that Túath has delivered homes across 21 local authorities, ranging from second-hand homes for the elderly in
Cavan to high-end city centre apartments in the Dublin Docklands. Stock photo
New figures show that Túath has delivered homes across 21 local authorities, ranging from second-hand homes for the elderly in Cavan to high-end city centre apartments in the Dublin Docklands. Stock photo
Paul Melia

Paul Melia

One of the country's largest housing associations has delivered 565 homes for low-income families this year.

New figures show that Túath has delivered homes across 21 local authorities, ranging from second-hand homes for the elderly in Cavan to high-end city centre apartments in the Dublin Docklands, which were purchased from receivers.

Some €72m was spent in 2016 acquiring the homes through a mix of State funding and loans drawn from the Housing Finance Agency (HFA) and European Investment Bank (EIB).

As Túath is registered as a Certified Body, and can access cheap finance from the HFA and EIB for eligible projects, which enjoy low interest rates.

The association currently provides more than 2,800 social homes in 24 local authority areas at an average rent of €55 per week.

It said that a number of homeowners unable to maintain paying their mortgages were accommodated, along with the elderly, single people, the disabled and homeless persons.

Chief executive Sean O'Connor said it also helped families avoid homelessness after their homes were sold.

"The association secured more than 100 homes occupied by tenants who faced eviction as receivers were in the process of selling homes on the open market," Mr O'Connor said.

"Túath, in collaboration with local authorities, intervened and acquired these properties.

"Túath will seek to deliver even more social homes in 2017 and the years ahead through innovation and collaboration with the private and public sectors.

"It is essential that ordinary, working-class people who cannot provide for themselves in the open market are given hope that they will be able to secure a place they really can call home".

The highest number of units were provided in Dublin city, with 207.

It is followed by Fingal (81), Cork County (72), Galway City (51) and Kildare with 37 homes.

Irish Independent

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