FOUR Donegal projects have secured grant funding under the €1 billion Housing Infrastructure Investment Fund, with the potential to deliver more than 2,000 new homes across the county.
Projects in Letterkenny, Buncrana and Bundoran are among those approved under the fund, which is designed to open up development-ready land by financing the roads and underground utilities needed before house building can commence.
The Windyhall (Northern Network) project in Letterkenny is the largest of the four, with the potential to directly unlock 654 residential units at an indicative cost of between €10 million and €20 million.
The Kiltoy project, also in Letterkenny, could directly unlock a further 300 units and indirectly open up an additional 335 for a cost under €10 million.
In Buncrana, the Aghilly Road project will unlock 330 units, while the Drumacrin project in Bundoran will open lands for 546 homes, both at an indicative cost of under €10 million.
Minister of State Charlie McConalogue welcomed the announcement as excellent news for Donegal.
“The project at Windyhall will open the whole northern part of Letterkenny and help greatly with the development of a much-needed new road network,” he said.
“The Aghilly Road in Buncrana has been selected for funding and its upgrading is long overdue, once completed, it will be a huge boost to Buncrana.”
The Minister of State added: “Land that is suitable for housing should be able to be developed, and that is exactly what these investments will help achieve.”
Funding for individual projects will be allocated annually in line with delivery progress, with letters to issue to applicants in the coming days.