ONE of the first developers to have property loans taken over by NAMA is to build social housing for Dublin City Council, writes Paul Melia.
Treasury Holdings yesterday announced it would begin construction of 112 apartments at Spencer Dock in the Docklands, most of which will be used to house older people.
And it said that 300 jobs would be created during construction of the homes. The Dublin Docklands Development Authority (DDDA) has to finalise planning permission which is expected to happen in the coming weeks.
A spokesman for the company said the deal with Dublin City Council would help make the Docklands a "sustainable" city quarter.
"These social housing units will help realise the vision for Spencer Dock as a socially mixed living, working, retail and leisure space in the heart of the city," the spokesman said.