Respond says model of buying sites and entering contracts with developers allows for cost savings and increased output
Respond buys sites and finances construction by way of fixed-price contracts, with 85 per cent of its schemes construction-led. This allows it save up to €60,000 per unit compared to a housing-acquisition model. Photograph: Niall Carson/PA WireThe approved housing body, Respond, is on track to triple the number of social and cost-rental homes it will have in construction to more than 4,100 in the coming months, it has said.
The organisation’s construction programme is to expand to €2 billion over the coming year as, supported by local authorities, it has secured fixed-price contracts with a number of leading developers and building contractors to construct large, mixed-tenure housing projects in Dublin and Cork, it said.
“With Government support, the organisation could deliver 700 of these new homes this year and a further 900 by the end of 2024,” it said in a statement. “Respond’s home building programme currently has 1,396 social and cost-rental homes in construction across the country.”
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