Following the submission by Donegal County Council of a total of 10 no. applications to the Department of the Environment, Community and Local Government under the Special Resolution Fund Initiative in February, 2014 the Minister for Housing and Planning announced on the 2nd May that Donegal County Council successfully received funding in respect of eight of these applications.
The total amount of funding received in respect of the 8 no. developments is €851,101 and this will in turn leverage additional private investment of €680,288, resulting in a total investment in these Unfinished Estates of €1,531,389.
These funds will be targeted to principally address infrastructural deficiencies within the developments such as roads and footpaths, water and sewer services, public lighting and amenity or open space areas, which will provide for the improvement of conditions for residents.
All works funded under this initiative must be fully completed and all monies drawn down from the Department before the end of 2014. Details of the approvals are as follows.
Development |
Location |
Approved Funding |
Projected Leveraged Private Spend |
Ard na Greine |
Ardara |
€86,980 |
€35,546 |
Cathedral Hill |
Raphoe |
€178,215 |
€70,000 |
Cois na hAbhainn |
Malin |
€59,372 |
€39,645 |
Crest of the Wave |
Bundoran |
€194,400 |
€129,000 |
Doran Close |
Bundoran |
€97,000 |
€97,000 |
Gerards Way |
Carndonagh |
€31,366 |
€55,858 |
Monreagh |
Burnfoot |
€150,000 |
€147,239 |
Radharc an Chuian |
Ramelton |
€53,768 |
€106,000 |
END