The homes at the Tannery in Bandon are a mix of two-, three- and four-bedroom houses with open plan living spaces and attractive landscaped gardens close to the centre of the busy west Cork town. NABCO has previously worked with NAMA to deliver a housing development in Cobh, Co. Cork that provided homes for thirteen local families.
The housing model developed by NABCO allows tenants of social rented properties to become shareholding members of their local co-operative. The distinctive structure gives members a greater say in how their estate, and the wider housing co-operative movement, is operated.
The new homes in Bandon are part of a larger development programme being delivered by NABCO that includes further NAMA developments in counties Dublin, Waterford and Wexford. NABCO is currently progressing plans for housing construction at a series of sites in the Dublin City area. Over the coming 18 months, NABCO plans to deliver up to 300 new homes across Ireland.
Social housing provided through NAMA’s National Asset Residential Property Services Ltd. is offered on a long-term, secure lease that provides confidence to tenants. NAMA also provided support in completion works for the housing development.
Speaking at the completion of the lease agreement, NABCO President Declan Hudson said: “As a co-operative member myself, I know the difference that these homes will make to people’s lives. During the current housing crisis, NABCO has been grateful to work with NAMA to secure much-needed housing for families across Ireland.”
NAMA Chairman, Frank Daly said: “This very successful partnership with NABCO underlines NAMA’s commitment to finding homes for people who need them and making a wider social contribution that is consistent with our commercial mandate. NABCO’s approach to partnering with us shows what can be achieved and we look forward to more of these successful initiatives with NABCO and other social housing bodies.”