Aspiring homeowners in Castletroy, Co Limerick, have been boosted with the launch of a new affordable home purchase scheme.

Led by Limerick City & County Council in partnership with Formation Homes, the Brú na Gruadán affordable housing scheme is a new development of 25 homes consisting of three-bedroom duplexes and four-bedroom houses with prices starting from €262,500 for a three-bedroom duplex, and from €290,000 for a four-bedroom house.

Aimed at first-time buyers and fresh start applicants, the scheme helps people on moderate incomes buy new homes at reduced prices. Through this scheme, Limerick City and County Council will take a share of the ownership in the home.

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Welcoming the launch of this affordable housing scheme at Brú na Gruadán, the Mayor of the City and County of Limerick, Cllr Francis Foley said: "Limerick City and County Council is delighted to reach this important milestone, in what will be the first affordable housing scheme for Limerick under Housing for All. This scheme will provide much needed affordable homes in Castletroy for first time buyers and fresh start applicants."  

Caroline Curley, Director of Housing with Limerick City and County Council, added: "This scheme is one of a number of affordable housing schemes which will be delivered by the Council over the next two years. These affordable housing schemes will increase the number of high quality affordable homes in Limerick, meeting the growing demand for different types of housing across the city and county."

The online application portal for those interested in purchasing one of these affordable homes will open on Tuesday 20 June 2023 at 12pm.