Minister Browne launches SDCC Affordable Housing at Canal Bank

South Dublin County Council was delighted to welcome Minister for Housing, Local Government and Heritage, James Browne, to the launch of 60 new 1, 2, 3 and 4 bedroom homes which will be sold under the Local Authority Affordable Purchase Scheme at Canal Bank, Clonburris.

The development, which is nearing completion, will comprise of 116 social and affordable homes and is the initial phase of over 2,400 new social and affordable homes that will be built directly by the council in Clonburris.

This milestone marks the council’s first delivery of new homes by direct build in many years, supporting the government’s commitment to increasing housing supply.

The development provides much needed, high quality affordable and social housing for the locality. There will be 60 affordable homes for sale at prices below the market value to first time buyers and fresh start applicants:  8 x 1 bedroom, 20 x 2 bedroom, 22 x 3 bedroom, and 10 x 4 bedroom homes.

Canal Bank is a brand-new development situated close to the centre of the new town of Clonburris, offering an excellent range of well finished new homes. Built around large parks and greenways the development provides a peaceful retreat, yet Dublin City Centre is just minutes away by rail, cycleway or road. Clondalkin Fonthill train station is located within easy walking distance.

With the application of the Affordable Housing Funding support through equity contributions, prices for the affordable purchase homes will start at a minimum entry price of €199,500 for a one-bedroom apartment, €270,000 for two-bedroom apartments, €310,000 for 2 bedroom houses, €335,000 for 3 bedroom duplex homes, €345,000 for 3 bedroom houses and €355,000 for 4 bedroom houses.

Mayor of SDCC, Cllr Baby Pereppadan said:

“It is very encouraging to see the council delivering new homes by direct build for the first time in many years. The 60 new homes being made available to purchase under the Affordable Housing Scheme here at Clonburris will facilitate home ownership for many who under normal circumstances would find it impossible to purchase their own new home. New developments like this are the future and will strongly assist the delivery of much needed housing”.

Mr. Colm Ward, Chief Executive of SDCC said: 

"We are committed to making homeownership more accessible to our residents. The council aims to create a seamless and efficient home-buying experience, ultimately contributing to the growth and development of our communities here in South Dublin”.

Minister for Housing, Local Government and Heritage, James Browne said:

“Urgently addressing our housing challenges relies on increasing the supply of all types of housing, including affordable purchase homes. I would like to compliment South Dublin County Council for this landmark development supported by my Department, this development represents the council's first direct build project in several years. The Department of Housing’s Affordable Purchase Scheme, which offers homes for sale at below-market prices to first-time buyers and fresh starters, has been an incredibly popular form of housing. The delivery of these A-rated homes will make purchasing property a reality for many people who would otherwise find it difficult to become homeowners, and I want to see more of it happening.”

Scheme Information

The affordable purchase homes are being made available under the Local Authority Affordable Purchase Scheme, which assists eligible buyers to bridge the gap between the price of the home and maximum mortgage available to them.

The affordable purchase scheme, managed by the council for this development in Clonburris, involves a shared equity arrangement, which effectively lowers the upfront cost of the home and enables the local authority to hold an equity interest in the property until it is repaid or the home is sold.

Sales of new homes at Canal Bank under the Affordable Purchase Scheme are being handled by DNG New Homes.