40 Housing Development - Buncranna Road
HOUSING DEVELOPMENT - BUNCRANNA ROAD
Arbour Housing is investing in the creation of 270 new social and affordable homes in Derry as part of a £ 20 million investment project .
Plans for the new homes includes 98 social houses in a development on the Buncrana Road in Derry .
The social housing project will help to meet high demand for new housing in the area and is part of a £ 20 million investment project , supported by Danske Bank .
Arbour Housing has entered into a design and build agreement with Derry-based developer EHA Group to deliver the Buncrana Road scheme .
Arbour , previously known as the South Ulster Housing Association , owns and manages over 1,200 homes , largely centred around Portadown , Lurgan and Newry .
The Northern Ireland Housing Executive waiting list indicates there are over 2,000 applicants for housing in the Westbank area of Derry , in which the Buncrana Road scheme is located .
Projects supported by the new £ 20 million Danske facility will help to create up to 190 construction jobs and support more than 290 associated jobs in the wider economy over the next four years . The new homes will be built to high energy efficiency and sustainability standards .
Kieran Matthews , Chief Executive at Arbour Housing , said : “ Our vision at Arbour Housing is to support local communities and improve people ’ s lives . To do this , we must increase the number of affordable homes around Northern Ireland , which is why this new development plan , supported by a financial package from Danske Bank , is needed .
“ Arbour is investing £ 7.5m into the new housing development in Buncrana Road in Derry . Provision of this new , high-quality housing stock will help meet the high demand for social housing in the area . The scheme features a wide range of one to four bed properties , which will be suitable for a range of families .”