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Cork County Council has unveiled a new Affordable Housing Purchase Scheme for Bandon, with applications opening at 12 noon on Monday, 15th July 2024. The scheme features two and three-bedroom houses at Almans View, a development constructed by J.O.D Developments. These homes are primarily intended for first-time buyers and Fresh Start Applicants, with some exceptions.
The development comprises 20 A-rated, luxurious family homes, located in a desirable residential area overlooking Bandon town. The 10 two-bedroom houses will be available starting at €220,000, reflecting a 25.4% reduction from market value, while the 10 three-bedroom houses will be priced from €260,000, a reduction of approximately 22.3%.
Mayor of the County of Cork, Cllr. Joe Carroll, welcomed the initiative, saying:
“Cork County Council is delighted to announce the launch of this Affordable Housing Scheme in Bandon. The development at Almans View offers high-quality, affordable homes in an exclusive development within walking distance to the town centre. The houses feature a bright spacious layout, high-end finishes throughout and are located in a great location with scenic views across the valley over the River Bandon.”
Under the scheme, purchasers will enter an affordable dwelling purchase arrangement with Cork County Council. The Council will retain a percentage equity share in the dwelling, equal to the difference between the market value of the dwelling and the price paid by the purchaser, expressed as a percentage of the market value of the dwelling, with a minimum of 5%.
Chief Executive of Cork County Council, Moira Murrell, highlighted the broader context of this initiative, stating:
“This scheme of 20 houses is in addition to the 20 houses in Fermoy, 49 houses in Cobh, 32 houses in Carrigaline and 40 houses in Mallow that have been provided by the Council under the Affordable Scheme in the past year. There are also several other Affordable Schemes due to come online over the coming months in towns throughout the county where the greatest need has been identified. These Affordable Homes are an important part of the Council’s ambitious plans as set out under the Government’s ‘Housing for All’ national housing plan.”
Applications for the scheme will be accepted from 12 noon on 15th July 2024 to 12 noon on 5th August 2024 via the online application portal on Cork County Council’s website www.corkcoco.ie. Further information on this scheme and other upcoming schemes, including the Scheme of Priority, a guide to making an application, and required documentation, is also available on the website.