Approval has been given for the first NAMA-assigned unfinished housing estate to be bought for social housing.
Fifty-five houses, 36 of them unfinished, at Oakley Wood in the town of Tullow, Co Carlow, will be bought by the voluntary housing agency Respond for €2.5 million – an average of €45,450 a unit. However, the final overall cost will not be known until the houses are finished.
Respond’s chief operating officer Ned Brennan said it received approval on Wednesday to buy the houses, which include 10 four-bedroom, 37 three-bedroom and eight two-bedroom units.
Read more in today's Irish Times.
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