Government to provide Cork developers with over €50m worth of subsidies

The scheme aims to subsidise the building of apartments in cases where developers can point to a ‘viability gap’, which means an apartment would cost more to build than its market sale price.

The Government is to provide over €50m worth of subsidies for the development of 372 apartments in Cork.

Figures from the Housing Agency detail that three separate contracts for apartments in Cork have been signed, with the largest, for 274 units, to be completed by the end of 2026.