Partnership with credit unions enable the building of 52 homes

MINISTER of State at the Department of Finance, Jennifer Carroll MacNeill TD, visited the Parklands development in Citywest to announce the first collaboration between Tuath Housing, the Credit Union Approved Housing Body (AHB) Fund, South Dublin County Council, and the Department of Housing, Local Government and Heritage.

This partnership has enabled the delivery of 52 Part V social homes, addressing the critical need for affordable housing in the region through a new stream of private finance from credit unions.

The first phase, consisting of 15 homes, is now ready for letting to people from the South Dublin County Council housing waiting list.

The CU AHB Fund, supported by credit unions, played a crucial role in facilitating the provision of these 52 much-needed social homes.

Credit unions are collectively demonstrating their potential to invest up to €1 billion in this fund, consistent with their mission of supporting communities and promoting social and affordable housing initiatives.

Tuath Housing has already delivered 42 cost rental homes in Parklands and are delighted to partner with the Department of Housing and the CU AHB Fund to realise the vision of constructing these 52 Part V homes.

The initiative utilises Capital Advance Leasing Facility (CALF) funding from the Department of Housing and private finance from the CU AHB Fund.

Notably, this marks the first occasion on which Tuath Housing has leveraged the Credit Unions via the CU AHB Fund for housing delivery.

It emphasises the Fund’s significance in addressing housing challenges between two like-minded, not-for-profit sectors that share common values and a deep-rooted connection to their communities.

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