Cork City Council gets €14m debt write-off for social housing land banks 

Lands are on the Old Whitechurch Road, a site earmarked for hundreds of social homes, and at Nash’s Boreen, also earmarked for a substantial social housing project

Cork City Council's proposed residential development  of 34 units at a site in Nash’s Boreen on the northside of the city. 

The Government has approved a near €14m debt write-off for Cork City Council in respect of two land banks it bought several years ago for social housing.

Details of the write-off, designed to help fast-track the delivery of social housing projects on local authority-owned land banks, were given to city councillors at April’s council meeting in response to a question from Fianna Fáil councillor Seán Martin.