Affordable Housing Acquisition Expression of Interest

We are seeking to agree advance purchase of unbuilt turnkey properties, ’off-plan’, for the delivery of mixed-tenure (affordable and social housing).

  • Affordable Housing Expression of Interest

Home builders and housing developers in Limerick city and county are being asked to consider offering unbuilt houses or apartments with planning permission to Limerick City and County Council under an advance purchase turnkey arrangement. Limerick City and County Council are seeking to enter into advance purchase arrangements to secure turnkey homes in areas where the need, in particular for affordable housing, is most acute. This call is targeted at advance purchase opportunities for a minimum of 10 and a maximum of 150 dwellings in any one scheme.

Limerick City and County Council is seeking to agree advance purchase of unbuilt turnkey properties ’off-plan’ in the following areas:

  • Limerick City (all areas including suburbs)
  • Newcastle West
  • Abbeyfeale
  • Kilmallock
  • Castleconnell

This advance purchase opportunity has been put in place to provide for accelerated delivery of housing generally, and primarily, to provide affordable homes for eligible applicants nominated by the local authority in areas where a significant need for affordable or social housing has been identified. It is anticipated that, depending on circumstances and proposals, local authorities will enter into an advance purchase agreement for an approved number of homes, with payment on completion. The advance purchase agreement also provides for the direct sale of homes by the developer to an eligible purchaser nominated by the local authority.

Joint venture arrangements that include an Approved Housing Body (AHB) will also be considered.

Under the'Housing for All' plan, significant funding streams are available to Limerick City and County Council to increase the number of new-build local authority homes for social and affordable housing.

Limerick City and County Council can make an application to the new Affordable Housing Fund (AHF) to assist in meeting the cost of delivery of affordable housing and deliver affordability to approved purchasers and renters. This AHF forms part of an overall affordable housing budget which will provide €2.9 billon over the period to 2030 to deliver homes for affordable purchase and rent.

Home builders and housing developers are asked to contact Limerick City and County Council for more information and to submit an expression of interest. Support from the site owner must accompany all expression of interest forms. Limerick City and County Council will consider the initial proposal and, should it meet housing needs, cost and eligibility criteria, additional information will be sought to move forward with the process.

Limerick City and County Council would encourage interested parties that believe they fit within the above criteria and that are interested in exploring a forward purchasing agreement with Limerick City and County Council to submit a completed Expression of Interest Application Form as soon as possible / by 31st January 2022 for this initial call out. Expression of interest application form can be downloaded from the supporting documents at the end of the page.

For further details please contact:

Sarah Newell
Housing Directorate
Limerick City and County Council

Email: sarah.newell@limerick.ie

Phone: 061-557344

This service is provided by

Housing Support Services

Phone +353 61 556000
Location
Limerick City and County Council, Merchant's Quay, Limerick, V94 EH90