Taoiseach and Minister for Housing visit €11 million development in Stormanstown.
The Taoiseach Leo Varadkar and Minister of State for Housing and Urban Development Damien English today visited Oaklee Housing’s newest €11million turnkey development in Stormanstown House, Dublin. Tenants of the new development are currently moving into their new homes this week, further reducing the social housing waiting list.
The €11million development completed in early October is part funded through a combination of funds from the Capital Advance Leasing Facility (CALF)(30%) and private finance from the Housing Finance Agency (70%). The new development also received positive support from Dublin City Council and the Department of Housing.
Oaklee Housing entered into a contract with a developer to acquire the site on completion, which facilitated the recommencement of construction of the site. The partially completed development, which had been derelict for almost a decade has transformed the Ballymun area. The Taoiseach and Minister received a tour of the new development by Oaklee Housing staff and got the chance to meet some of the new tenants and hear how their new home will have a positive impact on their lives.
Taoiseach, Leo Varadkar said:
"With a mix of one, two, three and four bedroom apartments, 42 units in total, this much-needed development caters for a range of families and their individual needs in the Ballymun and surrounding area. Tenants, who had been on the social housing waiting list, moving in to their new homes this week."
Sharon Cosgrove, Chief Executive of Oaklee Housing added:
“This partially completed development lay derelict for almost a decade and was an eyesore for local neighbours. Given the requirement for social housing in the area Oaklee Housing were delighted to acquire the completed units within a top quality scheme, which will provide much needed social housing for families in need.