Cash-rich Ireland Strategic Investment Fund partners with local authority in  new housing delivery and infrastructure game changer

Cork to be first place nationwide to use HISCo 'Design-Build-Finance' new homes model

The Housing Infrastructure Services Company (HISCo) launched in Cork  provides  a unique service to developers. HISCo will offer a complete design-build-finance service for housing estate infrastructure. Pictured are Tim Lucey, Chief Executive, Cork County Council, Jerry Mehigan, Chairperson, HISCo, Donal Murphy, Ireland Strategic Investment Fund and Niall Morrissey, CEO, HISCo. Picture Clare Keogh

A NEW Irish construction sector venture piloting in Cork aims to help residential developers and housing associations nationwide to get past blockages in new housing provision. It launches at a time of pent-up demand, and insufficient provision of badly needed new homes to own or to lease.

Launching this month is the Housing Infrastructure Services Company (HISCo), a joint venture between the Ireland Strategic Investment Fund, which is overseen by the National Treasure Management Agency (NTMA) with over €10bn in funds, and Cork County Council, in a pioneering move aimed at the provision of housing of scale.