Cluid Housing Association has acquired a 72-unit residential scheme in Cork city centre.
The 'turnkey' scheme at Leeside, Bachelor's Quay, contains a a range of housing unit types and sizes. They are available to applicants eligible for social housing.
Cork City Council supported the acquisition, which was completed as part of the Rebuilding Ireland programme.
Cluid also purchased an additional six housing units which will be rented to the private sector.
Lord Mayor of Cork, Cllr Mick Finn said: "These homes and the hundreds of others either under construction, purchased or leased are a tangible example of what the City Council and Approved Housing Bodies can do when funding becomes available.
"I'm sure it's a relief for existing tenants also. We need more of this and more reconfiguring of commercial buildings in the absence of large estate builds."
Brian Geaney, Director of Services for Housing, added: "This project is another example of the Council taking a pioneering role in relation to the delivery of social housing & its willingness to take a multi-faceted approach to finding solutions to housing challenges in the City."
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