‘Affordable’ homes in new scheme would cost €320,000, Minister says
Land Development Agency aims to provide 150,000 new homes over 20 years
Minister for Housing Eoghan Murphy said affordable homes would cost €320,000 in the greater Dublin area, Cork and Galway and €250,000 in other parts of the country. Photograph: Gareth Chaney/Collins
Homes classified as “affordable” and provided through the new Land Development Agency (LDA) would cost some €320,000 in Dublin, Cork and Galway under current market prices, Minister for Housing Eoghan Murphy has said.
The development of the Central Mental Hospital in Dundrum will be one of the first projects to be undertaken by the new agency, which seeks to make State lands available for house building. It is envisaged that more than 1,500 homes will be built on the Dundrum site, with the first becoming available in 2020.