As Brexit veers into increasingly bizarre tangents over the Irish border, housing shows how it’s done.
Communities secretary James Brokenshire was in Dublin as a guest of Irish Minister for Housing Eoghan Murphy to see how a combined funding scheme could be built on.
The scheme was Oaklee Housing’s newest turnkey development in Stormanstown House, Dublin, an €11m development due for completion for which Oaklee has already begun the process of allocating to families currently on the social housing waiting list.
Brokenshire heard how the scheme – a mix of one, two, three and four-bedroom apartments, with 42 units in total – is part-funded through a combination of funds from the Capital Advance Leasing Facility (CALF) (30%) and private finance from the Housing Finance Agency (70%).
Oaklee, one of Ireland’s leading social housing providers, entered into a contract with a developer to acquire the site on completion, which facilitated the recommencement of construction of the derelict site.
The respective Ministers were given a tour of the new development by Oaklee staff, who were accompanied by officials from Dublin City Council, Blacklough Construction and Torca Developments, the organisations that managed the project.
An acknowledged eyesore, the site had been derelict for almost a decade and in need of re-development given the requirement for social housing in the area.
“We were pleased to get the chance to showcase this development to both our own Housing Minister and a UK Minister,” said Oaklee Chief Executive Sharon Cosgrove.
“We are grateful for the support from Dublin City Council, the Housing Finance Agency and the Department of Housing.
“It is vital that we get more homes underway and this project is one of many new developments we are embarking on this year across Ireland to help meet considerable need.”
Handover of the development is expected in the next few weeks, with tenants moving into their new homes shortly after.
Pictured (L-R): Oaklee Housing Chairman, John Cullen, James Brokenshire, Eoghan Murphy and Sharon Cosgrove.