A new social housing project could be on the way to Dundalk.
According to a report in yesterday’s Sunday Independent the principals of Irish investment firm FL Partners are exploring projects worth €50m in Dundalk and Clonmel, Co Tipperary.
The firm has bought residential sites with the potential to develop 300 units and is in discussions with a housing association about a joint effort.
FL Partners, founded by Neill Hughes and Peter Crowley, sold The Racing Post newspaper last year to private equity firm Exponent.
The company are currently involved in building thousands of new units in Orlando, Florida.
The Government is aiming to have 47,000 new social housing units built across the country by 2021, with €5.35 billion in funding in place to make that happen.
Any new social housing for Dundalk would be widely welcomed given the fact there are around 4,000 people on the social housing waiting list in the county at present, with many of them waiting up to nine years at present.