The Croí Cónaithe (Cities) Scheme supports the building of apartments in urban cores for sale to owner-occupiers. The Scheme aims to bridge the current "Viability Gap" between the delivery cost of building apartments and the market sale price (where the cost of building is greater). There have been four calls for Expression of Interest undertaken to date. 101 applications have been received under the Scheme, 26 under Call 1, 11 under Call 2, 21 under Call 3 and 43 under Call 4.
Since the inception of the Scheme, support for the delivery of over 2,660 apartments has been approved across 25 developments. This represents a funding commitment of roughly €321m. The Housing Agency continues to assess remaining applications under the previous calls. Details of the contracted schemes are available on the Housing Agency website: www.housingagency.ie/CroiConaitheCities