20/05/2008

Social Housing Project Collapse 'Blow To The Most Vulnerable'

Dublin City Council has confirmed a private developer has pulled out of five multi-million euro social housing schemes, which would have delivered thousands of housing units.

The public-private partnership (PPP) projects - worth over €900m - were to be built by Castlehorn Construction, owned by businessman Bernard McNamara.

He has decided not to go ahead with the plans due to the current economic climate and "substantial" changes in the housing market, as well as the costs of recent changes to building regulations involving increased apartment sizes and better energy efficiency.

A Dublin council spokesperson, said: "Current economic climate and the substantial changes that have taken place in the residential housing sector recently, have rendered these projects unviable, from the private partner's perspective, as the PPP concept was partly based on the sale of private units to fund the cost of new social and affordable units being provided free to Dublin City Council."

The statement also revealed the tenants are now its priority, and the council will "explore its options for regenerating these areas" and provide social and affordable housing for its tenants.

Terence Flanagan, Fine Gael housing spokesman, described the collapse of the deal as a "blow to the most vulnerable".

He continued, accusing Taoiseach Brian Cowen of "mismanaging" the economy, saying: "The waiting lists for social and affordable housing in Dublin are the highest in the country and this deal collapse, due to Cowen's property crash, means that these people face an uncertain future.

"It is time the Government re-examines direct provision of social and affordable housing units to ensure the most vulnerable get a roof over their head."

The redevelopment of St Michael's Estate in Inchicore, will be particularly hit by the news, as €265m was to be invested in the regeneration - which was planned since 2001. Of the 11 tower blocks making up the development, seven have now been demolished.

The Labour Party have called upon Dublin City Council to come up with an alternative plan for the 138 units at St Michael's Estate, to ensure those affected by the plans will be housed.

(JM/NS)

Related Irish News Stories
Click here for the latest headlines.

22 March 2019
Two Killed In Dublin Crash
Two people have been killed in a two-car collision in north Dublin this morning, Friday 22 March. The pair, a man in his 70s and a woman in her 30s, died in the crash on the Drumcondra Road at the junction of Hollybank Road at around 6am. The route remains closed while Gardaí carry out a technical and forensic examination.
14 March 2019
Other News In Brief
Dublin Bus Investigating Footage Of Man Hanging Onto Back Of Bus Dublin Bus has confirmed that it is investigating an incident this week after footage emerged of a man hanging onto the back of a fast-moving bus. The video was circulated on social media this week and appears to have been taken while the bus travelled through Finglas.
15 March 2019
Gardaí Issue Fresh Appeal For Missing Dublin Teenager
A renewed appeal for help tracing a teenager missing from her home in Dublin for over a fortnight has been issued. Julianna Moore Gita, 19, was last seen at her home in Hartstown on Monday 25 February. She is described as being five foot tall, of slim build with fair hair and hazel/brown eyes.
15 March 2019
Students Protest Climate Change In Dublin & Cork
Students in Ireland and across the world are taking part in school strikes today, Friday 15 March, to demand immediate action on climate change. Marches will be held in Dublin and Cork, with local action also planned for school gates across the country.
28 August 2015
Sinn Féin's Opposition To Housing Plans 'Almost Beyond Belief' - Dowds
Sinn Féin's opposition to a proposal to build 50 new social housing units in Clondalkin has been described as an "absolutely disgrace and almost beyond belief". Labour TD Robert Dowds accused Cllr Eoin Ó Broin of "complete political cowardice", and that it was people on the housing waiting list that would suffer as a result.