Co-operative Housing Launches its 2019 Annual Report

Co-operative Housing has launched its 2019 Annual Report. Click to view

2019 was a landmark year for Co-operative Housing Ireland, with the organisation delivering 371 new homes throughout the country, 50% more than the previous year, furthering its mission to become a vibrant national organisation with a footprint across the country. This is a record number for the Organisation and follows on from a record year in 2018.

Co-operative Housing Ireland also achieved significant progress in terms of diversification of funding last year, having secured finance from a domestic pillar bank [Bank of Ireland] to the value of €17.083m which contributed significantly to funding the largest single development delivery of any Approved Housing Body in 2019.

The need for social housing in Ireland continues to be a major challenge for Irish society. The numbers on waiting lists and in emergency homeless accommodation remain a significant concern. Therefore, it is vital that CHI continues to produce and make available high-quality co-operative housing to families across the country in 2019.

In July, we held an official opening of the 40-unit A-rated development at Deakin Court, Richmond Road, Dublin which was completed in 2018. The launch was attended by Minister for Housing, Eoghan Murphy, and the Mayor of Dublin, Cllr Paul Mc Auliffe.

Other significant developments during the year included 32 houses in Tullyvarraga, Shannon which will be completed this year. 36 houses were completed in Cherry Orchard, Dublin which was the second and final phase of a 72-unit development. Our largest development in 2019 was 88 homes in Rathnew in Wicklow which was the first phase of 144 homes to be delivered there. 2019 also saw CHI deliver its first homes in Mayo and Cavan, which is extremely important for us as we strive to meet our strategic objectives of growing co-operative housing nationally.