Developers will get state subsidies of between €25,000 and €144,000 per apartment,. The homes will then be sold to private buyers. The government hopes this will help builders to deliver affordable housing.
Developers have sought state subsidies to help build 2,102 apartments to be sold on the open market using the €450 million Croí Cónaithe fund, new figures show.
Launched last year, the Croí Cónaithe Cities scheme will subsidise the cost of building apartments by providing developers with between €25,000 and €144,000 per unit. It is hoped these funds will bridge the gap between how much it costs to build an apartment and the price people can ...
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