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EchoLive.ie, 9 Jul
The scheme at Almans View in Bandon, consists of 20 new family homes at
a significant reduction from market price.
Application process to open for new affordable housing scheme in Cork
town
One of the new affordable houses due to come on stream in Bandon town
next Monday.
Donal O’Keeffe
The Mayor of County Cork has welcomed news that applications for a new
affordable-housing development will open in the county next week.
Cork County Council has announced that the scheme, which consists of 20
new family homes at a significant reduction from market price, will
become available at midday on Monday, July 15.
Constructed by JOD Developments, the houses will be available for
first-time buyers who do not own a home, although a small number of
exceptions apply, such as Fresh Start applicants.
This development of 10 two-bed and 10 three-bed, A-rated family homes
is located at Almans View, overlooking Bandon town.
The 10 two-bedroom houses will be available from €220,000, a reduction
of 25.4% from market value; while the 10 three-bedroom houses will be
available from €260,000, a reduction of 22.3% from market value.
Welcomed
The Mayor of the County of Cork, Fianna Fáil councillor Joe Carroll,
said he welcomed the announcement of the affordable-housing scheme for
Bandon.
“The development at Almans View offers high-quality, affordable homes
in an exclusive development within walking distance to the town centre.
“The houses feature a bright spacious layout, high-end finishes
throughout and are located in a great location with scenic views across
the valley over the River Bandon,” Mr Carroll said.
Through the scheme, purchasers will enter an affordable-dwelling
purchase arrangement with Cork County Council, with the council
retaining a percentage equity share, equal to the difference between
the market value and the price paid by the purchaser, expressed as a
percentage of the market value of the dwelling, to a minimum of 5%.
Applications will be accepted between 12 noon on July 15 and noon on
August 5 on Cork County Council’s website at https://www.corkcoco.ie.
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