The housing development has just received a multi-million euro funding boost.
A major housing development in Westmeath has gotten a multi-million euro boost.
€3.2 million has been granted under the government's Affordable Housing Fund to help construct 43 'affordable' homes at Harbour Meadows in Mullingar.
The homes are expected to be delivered in phases beginning in 2023 and are set to be sold to first-time buyers (and ‘fresh starters’) at discounted market rates.
With planning permission already approved, the development is expected to be finalised by the end of summer 2024.
It's the first 'affordable' housing scheme in Mullingar in over a decade, and local Fianna Fáil TD Robert Troy expects it's a sign of things to come:
Housing Minister Darragh O’Brien outlined that this is the second such scheme for Westmeath with funding approved just a few weeks ago for another 'affordable' development at Bower Hill, Athlone, where 10 'affordable purchase' homes will be delivered this year and next at purchase prices, 20% below local market rates.
Westmeath County Council aim to deliver the homes in 2023.
Minister O’Brien added;
“I was delighted to give approval to these 43 much needed affordable homes under the Affordable Housing Fund. Increasing home ownership is a priority for this Government and we will significantly scale up our pace of delivery.
“Our ‘Housing for All’ plan sets us on a pathway to delivering 54,000 affordable homes to purchase and rent by the end of 2030 and reflects our priority of creating a long-term sustainable housing system.
“I know just how acutely the affordability constraints are felt by people, both young and not so young, and the struggle they face in finding a home in their own locality. We have put affordability at the heart of this Government’s housing plans and this year will see a significant ramping up of affordable homes for sale and rent – something which we have not seen in this country in over a decade."
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