25 March 1999 Edition
Co-operative housing
Tara O'Liath.
In an effort to allieviate the housing crisis, NABCO- the National Association of Building Cooperatives, have built another lot of rental co-ops in the Dublin area. This time Townsend Street was the area targeted. The site on which the one and two bedroomed flats were built on was bought by SIPTU and given to NABCO.
The idea of trade unions and co op schemes working together for the good of communities is something NABCO hope will continue in the future, and with the new Docklands Development under way, they feel there is a role for them in the building of affordable housing for those with limited income.
The newest co-op development consists of 16 units, with people from the Corporation list with priority points, transfers, and local people considered first.
NABCO already have eight units in the inner city and 20 in the overall Dublin area and the scheme cost the best part of a million pounds to build.While this is a non profit making programme, tennants rents, which are subsidised according to income, are used to meet loan repayments.
For tennants of the co-op's it's not just a case of having a house to live in, it's a network with a committe and being willing to share in the up keep of the management of the buildings.
NABCO believe it's of vital importance to cater for existing residents in the city and co-op housing provides options for inner city communities so that there is a balance between private developments and affordable housing.
In an effort to allieviate the housing crisis, NABCO- the National Association of Building Cooperatives, have built another lot of rental co-ops in the Dublin area. This time Townsend Street was the area targeted. The site on which the one and two bedroomed flats were built on was bought by SIPTU and given to NABCO.
The idea of trade unions and co op schemes working together for the good of communities is something NABCO hope will continue in the future, and with the new Docklands Development under way, they feel there is a role for them in the building of affordable housing for those with limited income.
The newest co-op development consists of 16 units, with people from the Corporation list with priority points, transfers, and local people considered first.
NABCO already have eight units in the inner city and 20 in the overall Dublin area and the scheme cost the best part of a million pounds to build.While this is a non profit making programme, tennants rents, which are subsidised according to income, are used to meet loan repayments.
For tennants of the co-op's it's not just a case of having a house to live in, it's a network with a committe and being willing to share in the up keep of the management of the buildings.
NABCO believe it's of vital importance to cater for existing residents in the city and co-op housing provides options for inner city communities so that there is a balance between private developments and affordable housing.