Affordable Purchase schemes approved for Crooke and Kilmacthomas
- Mar 24
- 2 min read
• 19 housing units will comprise of a mix of 3 & 4 bed homes starting at €300,000.
Waterford Fine Gael Minister John Cummins has announced approval for two further Affordable Purchase schemes, which will be constructed in both Crooke and Kilmacthomas.
Approval has been issued to Waterford City and County Council from the Department of Housing, Local Government and Heritage for 9 three-bed units in Crooke and 10 units (5 three-bed units and 5 four-bed units) in Kilmacthomas. The schemes will be delivered in partnership with Carey Homes and Kent Homes respectively.
Minister Cummins said: “I am delighted to have worked with Waterford City & County Council to bring forward these twoschemes for purchasers in Waterford. These nineteen units will comprise of three and four bedroom houses and are already under construction.”
The Affordable Purchase Scheme is open to first time buyers or those who qualify for the ‘Fresh Start Principle’ and no longer have a stake in a property. Under this scheme, an equity stake of up to €75,000 can be taken in the property. The actual equity amount will differ depending on the maximum mortgage approval figure a purchaser can get from a lending institution. The equity stake can be purchased at a future point in time if the owner chooses to do so.
Minister Cummins indicated that he was open to receiving further applications from Waterford City and County Council.
“These two schemes are amongst the first affordable schemes that will be delivered nationally in smaller rural settlements. As a Council, Waterford has led the way in delivering multiple schemes in Waterford City and Tramore, but I know there is a desire to build on the approval of these two schemes in Kilmacthomas and Crooke with schemes in Ardmore and Dungarvan.”
“As a Minister in the Department of Housing, my priority is building on the 724 housing units that were completed in Waterford last year. We do have a strong pipeline for delivery across 2026 and 2027 which is very encouraging.”
