A NATIONAL house-building initiative costing €68m that will produce 35 new homes in Darndale, Dublin, has been launched by Minister for Housing and Planning, Jan O'Sullivan.
The investment is the first return to new mainstream local authority house building since the financial crisis began.
Ms O'Sullivan launched the two-year national local authority house-building initiative yesterday.
Buttercup in Darndale will benefit from a €7.9m investment under the initiative which will produce 35 new homes.
The investment will add to a range of regeneration works that the Department of the Environment and Dublin City Council have undertaken in the area over recent years.
Speaking in Darndale in Dublin 17 at the launch of the programme Ms O'Sullivan said that the increase in the supply of both public and private housing in Ireland is a priority for the government.
"For the first time in many years I am pleased to announce the restart of a local authority mainstream house-building programme," the minister said.
"Over the next two years €68m will be invested across the country to build new social homes for families in need.
"The €68m initiative will see some 449 new homes built across the country in the next two years.
"It an important investment but, with a very strong demand for social housing, I am of the view that more resources need to be invested in social housing over the coming years to expand supply."
At present approximately 5,000 new social housing homes are being provided each year through a variety of measures including regeneration, construction, leasing and the securing of NAMA properties.
This €68m investment is one of a number of government-backed initiatives to provide high quality family homes.
Other programmes include €15m fund to bring vacant local authority houses back into use; a €35m investment to house people with disabilities, people without a home and the elderly; a €30m investment to improve the energy efficiency of local authority housing and a €10m fund to complete unfinished developments.
It is hoped that these programmes will not only provide new and better housing for many Irish people, but that they will also create and sustain hundreds of jobs in the green energy and construction sector.