The homeless and housing charity is to provide 14 houses in the city and county over the next four months.
Five apartments in the city centre will be handed over before Christmas while the remaining nine will come on stream in the first quarter of 2017.
Chief executive Pat Doyle said the charity already supports hundreds of people in their homes in Dublin, Laois, and Kildare.
“We treat people with warmth and respect, and support them to integrate into society and live a life of dignity, and that’s what we will do in Limerick,” he said.
“Beyond the initial 14 houses, we are actively identifying housing projects and further acquisitions to provide a housing led response to homelessness.”
The Peter McVerry Trust provides permanent accommodation with “wrap-around supports” for people with a range of issues, including mental health difficulties, addiction and family breakdown.
Typically, its average age is 31, male, requiring support with drug use, mental health difficulty, and family breakdown.
Its social housing programme in Limerick has been funded 50:50 by the Capital Assistance Scheme and private donations to the trust. It is hoping to develop up to 30 houses in Limerick in the next five to 10 years.
Its expansion from the east to Limerick is because one of its board members, Tony O’Riordan is a Limerick man.
The trust will work in partnership with Limerick City and County Council.
Mayor of the City and County of Limerick, Cllr Kieran O’Hanlon, said the trust will “complement the comprehensive range of supports that the council already provides to those in emergency accommodation through the Limerick Homeless Action Team”.
“The issue of homelessness is a very complex one that needs a wide variety of different supports,” he said.