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Council Announces New Affordable Housing Scheme In Bandon

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Cork County Council has launched a new Affordable Housing Purchase Scheme in Bandon.

Applications for two and three-bedroom houses at Almans View will open at 12 noon on Monday 15 July. The homes, constructed by J.O.D Developments, are primarily aimed at first-time buyers who do not currently own a home, with some exceptions and Fresh Start Applicants. The development consists of 20 A-rated, luxurious family homes situated in a highly desirable residential area with views overlooking Bandon town.

The 10 two-bedroom houses will be available from €220,000 which represents a reduction of approximately 25.4% from market value and 10 three-bedroom houses will be available from €260,000 which represents a reduction of approximately 22.3% from market value.

Welcoming the new affordable homes, Mayor of the County of Cork, Cllr. Joe Carroll said,

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"Cork County Council is delighted to announce the launch of this Affordable Housing Scheme in Bandon. The development at Almans View offers high-quality, affordable homes in an exclusive development within walking distance to the town centre. The houses feature a bright spacious layout, high-end finishes throughout and are located in a great location with scenic views across the valley over the River Bandon."

Under the Scheme, buyers will engage in an affordable dwelling purchase agreement with Cork County Council. This arrangement involves the Council retaining a percentage equity share in the dwelling, which is calculated based on the difference between the market value of the dwelling and the purchase price paid by the buyer (minimum of 5% of the market value of the dwelling).

Chief Executive of Cork County Council, Moira Murrell added: "This scheme of 20 houses is in addition to the 20 houses in Fermoy, 49 houses in Cobh, 32 houses in Carrigaline and 40 houses in Mallow that have been provided by the Council under the Affordable Scheme in the past year. There are also several other Affordable Schemes due to come online over the coming months in towns throughout the county where the greatest need has been identified. These Affordable Homes are an important part of the Council’s ambitious plans as set out under the Government's 'Housing for All' national housing plan."

Applications for the scheme will be accepted between 12 noon on the 15 July 2024 to 12 noon on the 5 August 2024.

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2024/07/18 12:50:50