LIMERICK City and County Council, in partnership with Formation Homes, has launched an affordable home purchase scheme for private buyers at Brú na Gruadán, Castletroy.
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.
The affordable home purchase scheme is aimed at first-time buyers and fresh start applicants, and hopes to help people on moderate incomes to buy new homes at reduced prices.
Through this scheme, Limerick City and County Council will take a percentage equity share (of the ownership) in the home.
Welcoming the announcement, Mayor Francis Foley said the 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.”
Potential applicants looking to buy a home in Castletroy are encouraged to familiarise themselves with the eligibility criteria and the application process. More information can be obtained at www.limerick.ie/council/services/housing/affordable-housing/affordable-home-purchase-scheme
