The Land Development Agency (LDA) is inviting expressions of interest (EOI) from contractors and residential developers with apartment projects that have planning permission but have not yet commenced or are currently paused.

Under this phase of Project Tosaigh I – Housebuilder Partnerships, the LDA will forward purchase developments to provide the necessary financial stimulus for completion. The agency will pay a deposit up front and commit to full purchase on completion. All homes will be delivered as cost rental units.

As part of the new phase of the Project Tosaigh I Housebuilder Partnerships, the LDA is seeking projects that involve the following:

• Sites in significant areas of housing demand across the country's key cities (Dublin, Cork, Galway, Limerick and Waterford);

• Full and implementable planning permissions;

• A capability to commence construction in the near term, or where construction has commenced, but is either fully or partially paused;

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• Approval for higher density housing including apartments at a scale greater than 100 units;

• Homebuilders with strong balance sheets and a track record of residential development delivery;

• The potential to support wider development beyond the housing units involved;

• Well-designed schemes that provide value for money and will ultimately be affordable for occupiers;

• Alignment with EU sustainability and taxonomy guidelines.

John Coleman, Chief Executive of the LDA said: "We are pleased to announce this latest phase of forward purchase expressions of interest under Project Tosaigh I. Project Tosaigh is an excellent initiative and has already resulted in the delivery or pending delivery of almost 6,000 new homes.

"Once we identify suitable projects, we will move quickly with the homebuilders to advance construction and to complete the homes. The homes will then be made available to renters under the cost rental scheme. I would urge all homebuilders to examine the terms of the expressions of interest process and to submit relevant schemes."

To participate in the process, homebuilders are requested to submit EOIs to the LDA by July 31. Full details of the EOI process can be found here