Local authorities to buy up to 500 'turnkey' homes – The Irish Times

Local authorities around the State are seeking buy up to 500 “turnkey” homes from builders in a new bid to boost the supply of affordable and social housing.

Minister for Housing Dara O’Brien has set aside €55 million to help councils buy homes off-plan next year in Dublin, Waterford, Limerick, Galway and Kilkenny.

The properties will be sold on to buyers nominated by local authorities as being eligible for affordable and social homes, with councils providing between €50,000 and €100,000 of the purchase price in each case.

Local authorities in Westmeath, Meath, Wicklow, Kildare, Louth and Laois will also seek “turnkey opportunities” under the Housing for All plan to boost the numbers of affordable houses in areas of acute shortage.

Cost-rental homes

The homes will be sold at “discounted prices” to first-time buyers. Some may be offered as cost-rental homes at rents targeted “at a minimum 25 per

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