State strikes deal to subsidise largest private apartment project in Cork in more than a decade

The Housing Agency has revealed the first three deals under the Croí Cónaithe Cities scheme, which will deliver almost 400 for sale apartments on the open market

The government has said the Croí Cónaithe Cities scheme will part-fund construction of 5,000 apartments by 2026. Photo: Sasko Lazarov/RollingNews.ie

The state has agreed a deal with Glenveagh Homes to part-fund construction of 274 private market apartments in Cork city, the largest scheme of its kind in the city for more than a decade.

Further deals have been struck with Cairn Homes and Park Developments, the development firms, to subsidise construction of further apartments for the private market in Cork and Dublin.

The three apartment schemes, which contain 395 units in total, will be the ...