Newtown Wood

Respond, a key Irish housing association, has delivered 20 cost rental homes at Newtown Wood, Drogheda, signalling an expansion of this government-backed housing model crucial for the construction sector. Supported by the Department of Housing, Local Government and Heritage, the Housing Finance Agency, and Louth County Council, this initiative addresses the demographic unable to access social housing but with net household incomes under €59,000. The development, comprising two and three-bedroom units, sets rents (between €1,237.50 and €1,350 monthly) to cover construction, management, and maintenance costs, achieving approximately 25-40% below average local market rates. This unique financing structure offers long-term, secure tenancies and presents a predictable revenue stream for developers involved in similar projects. All properties boast an A2 energy rating, integrating gas boiler and air source heat pump systems, reflecting a commitment to sustainable construction and meeting increasingly stringent environmental performance standards. For senior construction executives, Newtown Wood exemplifies a viable, publicly-supported development model, indicating future tender opportunities in Ireland's evolving affordable housing landscape, driven by specific policy objectives and robust energy efficiency requirements. The strategic location near vital amenities further underpins long-term asset stability. Read More