Developments in Greenpark and Mungret move one step closer; have positive impact on local economy
Monday 3rd April 2017
Homes for Limerick families will be able to be built a lot quicker than expected following a grant of €15.43 million from the government to Limerick City and County Council under Rebuilding Ireland, Action Plan for Housing and Homelessness.
Funding has been received from the government from the Local Infrastructure Housing Activation Fund (LIHAF). This will allow for projects such as roads which are critical for the development of houses to be funded with the objective of relieving infrastructural blockage. This in turn will enable the accelerated delivery of housing on key development sites and improve the viability of new housing projects in urban areas of high demand for housing.
The funding for two distributor roads will unlock lands zoned for development in Greenpark and Mungret and connect to Limerick’s road network. It will be co-financed by Limerick City and County Council’s own resources of over €5m.
Works in Greenpark include the upgrading of the roads infrastructure to support the development of approximately 400 units by 2021 with a new link road into the development of one kilometre.
The new distributor road in Mungret will open up the massive landbank purchased by Limerick City and County Council for development and other lands by building a new road to link into the ongoing upgrading works already taking place in the area.
It’s proposed the new road will allow for the development of 450 homes by 2021.
The infrastructure will also ensure the delivery of a post primary school in the area within the next three years.
Lands at Greenpark and Mungret have the potential to provide 3,400 homes for Limerick families. The LIHAF will also encourage a strong mix of private, rental and social housing delivery and create new and attractive communities to live in at affordable prices and rents.
Mayor of the City and County of Limerick Cllr Kieran O’Hanlon said: “All lands need basic infrastructure such as roads to make them attractive for investors to develop the sites. This funding from the government under the Rebuilding Ireland scheme means a giant step has been taken so that more homes can be provided for Limerick people.” “The latest house price reports show that prices in Limerick are rising, and we need to increase the supply of houses to help Limerick families buy their own homes. This fund will help in getting these houses built faster.” “Greenpark and Mungret are two locations identified as areas where families will be able to buy homes in the near future. I’m calling on more developers to come on board and be part of these significant projects.” “The construction of the houses will also create jobs for people in a variety of different areas such as bricklayers, plumbers, electricians – all helping to further improve the Limerick economy.”
Maria Woods, Senior Planner with Limerick City and County Council said:
“Successfully obtaining the LIHAF funding for distributor roads at Mungret and Greenpark will unlock substantial lands within public and private ownership and see more homes built. This will meet the current and emerging housing need for a range of households and tenure types. The funding will also help stimulate the local economy, promote employment and will help create lasting, enduring and sustainable communities.” “It provides an exciting opportunity to build upon and protect the substantial local authority investment already made to date in Mungret with the acquisition of Mungret College and lands, provision of a neighbourhood park and provision of significant roads infrastructural works. The infrastructure will also facilitate the delivery of additional community facilities and a post primary school in the Mungret area within the next three years, demonstrating inter-departmental co-operation and value for money.”