Dublin City Council is reportedly set to seek Government funding to complete a string of social housing projects following the withdrawal of a private developer.
The council confirmed yesterday that Bernard McNamara had pulled out of five public-private partnerships worth €900m which would have delivered thousands of housing units.
It said the current economic situation and substantial changes in the housing market had made the projects unviable.
The council admits the move will delay the provision of social houses in the coming years, but it will be seeking Government funding for housing programmes in response to the setback.
Reports this morning say it is also considering selling part of the sites to raise the required funds.