NABCO today announced plans to invest over €20m in the supply of almost 300 Co‑operative homes across Ireland over the next 24 months through new development, unfinished estates and unsold affordable homes. This programme will create at least 120 construction jobs. Minister for the Environment, Community and Local Government, Phil Hogan TD launched the expansion plans at the unveiling of a new co-operative housing development at Auburn Lodge, Killiney, Co. Dublin which had lain unfinished for the last four years.
NABCO, who are currently in discussions with NAMA about a co-operative solution to a number of other unfinished housing schemes, are seeking further strategic partners through a tender process launched today. Opportunities will also be created for many construction trade apprentices. NABCO are also providing a Co-operative option to a number of unsold affordable housing estates. The expansion announcement today is further to ongoing energy retrofit and refurbishment programmes already underway by NABCO across their current stock of 1,800 homes in nine local authority areas. NABCO is the first Irish housing provider to be awarded the Q Mark, guaranteeing the highest standards of quality and excellence.
NABCO Chief Executive Niall O’Keeffe said “Our Co-operative Living model has the flexibility and potential to provide a real solution for Government in solving the current housing crisis as well as completing and managing unfinished estates throughout the country.
The environment is very different to that which we have been working in since our foundation 40 years ago. New thinking and innovative partnerships are what we are focused on. By working co-operatively with private finance, the Minister’s Department, Local Authorities and social finance providers like Credit Unions and Clann Credo we will provide homes, jobs, apprenticeships, childcare and training opportunities in the community.”
The €20 million investment for 2013-14 will include the following new developments:
…North King St, Dublin 1 – 35 units
…Richmond Rd, Dublin 3 – 35 units
…Moss St, Dublin 2 30 units
…Greenlawns, Coolock, Dublin 5 – 21 units
…Camac Crescent, Dublin 8 – 20 units
…Auburn Lodge, Killiney, Dublin – 31 units
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