A NEW HOUSING project in Co Wexford will see 19 families housed under a new co-operative scheme.
This will see collaboration between the National Association of Building Co-Operatives (NABCO), Wexford County Council and Nama.
The homes being provided are in Enniscorthy and have spruced up what was a previously unfinished ‘ghost estate’.
The work on the houses has been administered by Nama’s social housing vehicle NARPS (National Asset Residential Property Services limited) and the NABCO.
How does the scheme work?
The families will be moving into the 19 separate homes, which will range from one-bedroom apartments to three-bedroom houses, under 20-year lease agreements.
Parkton Mews, where the new home are located, has received a €300,000 investment from the NABDO and a €700,000 investment from Nama.
The co-operative in charge of managing the homes will be made up of members from the different interested groups – including a number of the new residents.
Similar joint efforts between Nama and the NABDO have already seen 58 homes created in Cork, Waterford and Dublin.
Wider strategy
Speaking about the new development, Nama chief executive Brendan McDonagh, said:
Ultimately, these transactions are about people and we wish the new residents all the very best in their new homes.
Around the country the State-owned bad bank has invested €50 million in funding for social housing.
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