The council had expected to land homes in the Bolands Mill, No 6, or No 8 Hanover Quay developments, which would have brought 20 new social properties to the area.
This announcement follows on from the exclusion of local families on the housing list from the Capital Docks development.
Housing Minister Eoghan Murphy has been urged to intervene to stop the "social cleansing" in the Docklands area.
Calling on Minister Murphy, Labour's Kevin Humphreys said: "The Minister for Housing has stood idly by while parts of his own constituency are socially cleansed of housing for local communities. Once again it has been revealed that three developments in the south Docklands area will provide no social housing units for local families but instead provide units elsewhere in the city.
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"This is unacceptable and I am surprised that Fine Gael would allow this to happen. The area is rapidly being socially cleansed as an enclave for the elite and wealthy. The principles of balanced and sustainable social development have been lost in the area. The local community has always co-operated and supported efforts to redevelop the docks, but now their dividend is being withheld.
"This is a form of social cleansing – denying young families the opportunity to live in their local area and ensuring only extremely high earners can live in the docklands. It is hugely disappointing and is contrary to the sustainable development of the docklands.
"I am calling on the Minister for Housing to intervene now to ensure the Council purchases the units in the area, and ensures that regulations are changed to stop this happening in future."
(CM/MH)
