Waterford City & County Council has sought expressions of interest for the provision of affordable housing through advance purchase turnkey acquisition.

During this call, home builders and housing developers are urged to consider providing properties with planning permission to local authorities through an advance purchase turnkey arrangement. Payment will be made upon completion.

The new dwellings are being sought in accordance with the provisions of The Affordable Housing Act 2021.

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The Affordable Housing Act 2021 provides for Local Authorities to acquire, build or cause to be built, affordable dwellings that can be subsequently sold to eligible applicants (assessed by Waterford City & County Council) through direct sales agreements between purchasers and developers.

The Affordable Housing Fund, supported by the Department of Housing, Local Government, and Heritage, is set to offer subsidies (following specific criteria detailed below) aimed at lowering home costs for first-time buyers or individuals starting anew. Waterford City & County Council will hold an equity share of up to 30 per cent in the property.

All applications submitted through this Expression of Interest will undergo assessment and approval by the Housing Agency and the Department of Housing, Local Government, and Heritage.

Applications for Expressions of Interest close on 29 March 2024.