The scheme includes the development of 21 new homes.
Under a new affordable housing scheme launched by Limerick City and County Council, 21 newly constructed houses in Newcastle West, Co. Limerick are set to become available to purchase.
Limerick City and County Council in collaboration with DC Manor Ltd. have stated that the houses are mainly aimed toward first-time buyers and those with moderate incomes. The Council will take a percentage equity share in the new houses, which are located in Woodfield Manor.
The scheme includes 21 houses starting from €250,000 for a three-bedroom mid-terrace house, and from €255,000 for a three-bedroom end-terrace house. Construction is said to be finished by December.
Mayor of the City and County of Limerick, Cllr Gerald Mitchell welcomed the new homes in Woodfield Manor, saying: “This is the second affordable home purchase scheme for Limerick under ‘Housing for All’ and it will provide much needed affordable homes in Newcastle West for first time buyers”.
DC Manor Ltd. owner, Denis Corbett, added: “We recognise and see first-hand the need for homes in the area and we are committed to both the delivery of homes and investment in our local economy.”
Caroline Curley, Director of Housing with Limerick City and County Council also commented on the news, saying: “This scheme is one of a number of affordable home purchase schemes in the pipeline for delivery by the Council and offers eligible purchasers an opportunity to secure their own home at an affordable price.”
Limerick local Caitlin Scully is currently looking for her first home. Reacting to the news, Scully commented: “It is great that this scheme is being promoted for first time buyers. I am worried about the high demand these houses will have and the application process I’m presuming will be very competitive.
“The government and Limerick County Council need to introduce more affordable housing schemes like this one especially in areas surrounding Limerick City.”
Anyone who is looking to apply for this scheme should familiarise themselves with the application process and the eligibility criteria. Applications will be open for houses at Woodfield Manor on Wednesday, October 18, 2023 at 12pm. Applications will be prioritised on a first come first served basis.