Donegal County Council has secured €1.5M from the Department of the Environment, Community and Local Government under the Special Resolution Fund Initiative for unfinished housing estates.
The total amount of funding received in respect of the eight developments is €851,101 and this will in turn leverage additional private investment of €680,288, resulting in a total investment in these Unfinished Estates of €1,531,389.
These funds will be targeted to principally address infrastructural deficiencies within the developments such as roads and footpaths, water and sewer services, public lighting and amenity or open space areas, which will provide for the improvement of conditions for residents.
All works funded under this initiative must be fully completed and all monies drawn down from the Department before the end of 2014. Details of the approvals are as follows.
Development Location Approved Funding
Projected Leveraged Private Spend
Ard na Greine Ardara €86,980 €35,546
Cathedral Hill Raphoe €178,215 €70,000
Cois na hAbhainn Malin €59,372 €39,645
Crest of the Wave Bundoran €194,400 €129,000
Doran Close Bundoran €97,000 €97,000
Gerards Way Carndonagh €31,366 €55,858
Monreagh Burnfoot €150,000 €147,239
Radharc an Chuian Ramelton €53,768 €106,000
Tags:
