LDA launches affordable homes in Waterford

The Land Development Agency (LDA) has announced the launch of 92 affordable purchase homes in Summerfields, Kilbarry, Co Waterford, under the Project Tosaigh programme.

The homes are being made available under the Local Authority Affordable Purchase Scheme to eligible buyers in partnership with Waterford City and County Council. The new homes, developed by the Whitebox Group, are located in Elder Walk, Summerfields, Kilbarry, Co Waterford.

Summerfields is Waterford’s newest planned ‘urban village’ and is within walking distance of the city’s main educational and employment centres, SETU and the IDA Industrial Park. The homes include a mix of three- and four-bed semi-detached houses with private gardens set in a well-designed and landscaped estate.

Waterford City and County Council is managing the application process for prospective purchasers. The council will provide an ‘Affordable Dwelling

Contribution’ or equity share arrangement to reduce the upfront purchase price payable by successful applicants. Affordable Housing funding will be available depending on the income of successful applicants, their deposit and their savings. Buyers can avail of support through the Help to Buy scheme.

John Coleman, Chief Executive, LDA, said, “We are delighted to announce the launch of these affordable purchase homes in Kilbarry under the Project Tosaigh initiative.

This scheme, in partnership with Waterford City and County Council, offers eligible buyers a wonderful opportunity to secure their own home at an affordable price.”

Project Tosaigh is the government initiative in which the State steps in to purchase housing in cases where developers have planning permission, but delivery has either not commenced or stalled. Under this scheme, the LDA is due to deliver at least 5,000 homes by 2026.