Contract signing key to delivery of 34 social housing units in Bantry

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County Cork Mayor Cllr Danny Collins has welcomed the announcement that the Housing Infrastructure Services Company (HISCo) will provide the necessary infrastructure to facilitate the development of 34 new homes in Bantry, Co. Cork.

The €9.5million turnkey social housing development will be built by Kieran O Sullivan Builders and will consist of a mix of 1, 2, 3 and 4 bedroom homes, all of which will be A rated and will help meet demand for social housing in the area. The houses are to be completed in 3 phases, with the first 10 to be handed over to Cork County Council next year. The development is also part of Cork County Council’s ambitious ‘housing for all’ target, which will see almost 3,200 new social housing units built across the county between 2022 and 2026.

Mayor Collins highlighted how this development will support social housing needs in Bantry, saying:

I am delighted to stand on this site and witness firsthand the delivery of this much needed turnkey proposition. This is a true example of working together, as elected members, HISCo, Kieran O’Sullivan Builders, Cork County Council’s Housing Department and DMCA consultants to identify a suitable site and move it forward. This development of 34 turnkey social homes will be a very welcome addition to Bantry in 2023 and demonstrates Cork County Council’s commitment to ‘housing for all’.

HISCo CEO Niall Morrissey said:

HISCo will construct the roads, sidewalks, water supply, sewage lines, storm water system, street lighting, perimeter walls, utility conduits and all ancillary services required for new homes. Our collaboration with the developer and Cork County Council demonstrates how the HICo business model can remove barriers to residential housing provision.

Cork County Council chief executive Tim Lucey added:

The provision of social housing is a key priority of the national housing policy for all. Our success to date has required innovative solutions such as HICo. The unique element of the service is that payment of the HISCo fee is only required when the units are sold to the local authority, giving the builder a cash break to focus on delivering the houses. Cork County Council will continue to work on innovative solutions to maximize production and have a significant and positive impact on the supply of social housing across the county.

HISCo was set up by the Irish Strategic Investment Fund (which is controlled and managed by the National Treasury Management Agency) and Cork County Council. The company provides an innovative solution to the provision of on-site and off-site infrastructure which impedes the delivery of residential development throughout Ireland. HISCo is currently considering projects in 12 counties which will all primarily support the delivery of private residential units.

The Bantry project is carried out in partnership with DMCA Consultants and MMC Quantity Surveyors, both based in Cork.


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