The Land Development Agency (LDA) is to deliver 95 affordable purchase homes in Co Cork under its Project Tosaigh initiative.
Through the Project Tosaigh initiative, the LDA expects to source almost 1,000 homes nationwide by the end of the year as part of its first phase.
The new homes are located in Clonmore, Ballyviniter in Mallow in a joint project with Cork County Council which will manage the application process with prospective buyers and O'Flynn Group developers.
Prices will start from €260,000 for three-bed semi-detached houses and €280,000 for four-bed semi-detached houses.
Buyers will be able to get support for up to 25% of the cost through the Government's affordable housing fund, under Housing For All.
The application process for the first tranche of 38 homes will open on October 24, with 22 of the homes ready to be occupied in 2022 and the rest to be completed in 2023.
Project Tosaigh was announced last year in the Government's Housing For All strategy.
It which aims to unlock land in private ownership that has planning permission but where delivery has stalled due to financing and other constraints.
An expressions of interest process was launched at the end of 2021, and the LDA now has a pipeline of projects anticipated to deliver c. 1,000 affordable for sale and cost rental homes.
The developments are spread around the country and include sites in Dublin, Cork, Waterford, Wicklow, Meath and Kildare.
They represent the first phase of the process which the LDA expects to deliver 5,000 homes across a multi-phase process, in addition to the 6,000 the LDA has planned for delivery from its existing portfolio of State lands.
A further 10,000 to 15,000 homes are anticipated after 2026 from the transfer of additional state lands announced in Housing For All last September.
John Coleman, CEO of the Land Development Agency said, that Project Tosaigh provides an important mechanism for the agency to accelerate the delivery of affordable housing by supporting housing construction on private lands in collaboration with Cork County Council and the O'Flynn Group.
"We intend to source close to 1,000 affordable homes by year end through this approach, thereby substantially increasing our delivery capability in the short-term," Mr Coleman said.
"Whilst our longer-term approach continues to focus on publicly owned land, the LDA is delighted to be in a position to act as a catalyst to speed up the delivery of affordable homes, with the security of knowing that all homes will be either retained in public ownership for cost rental or made available for households to purchase on an affordable basis," he added.
Minister for Housing Darragh O’Brien said today's news shows the progress the LDA is making in accelerating the delivery of affordable housing.
"Project Tosaigh will see 5,000 new social and affordable homes delivered by the end of 2026 which will complement the supply the LDA is already working on through its State land pipeline," he said.
"The Clonmore scheme is the first of what I expect to be several announcements before year-end that will show the policies we are implementing will ensure that people can achieve the dream of homeownership and have their own home for life," he added.
