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Buncrana Council house portfolio tops €15m 04.07.07

Buncrana Town Council's public housing portfolio is currently valued at nearly €15m, recent figures show.
They show that in the seven-year period from 2000 to 2006 inclusive, the local authority spent a total of €19.5m on turnkey schemes, new builds and other capital projects in the town and environs. This equates to an average yearly spend of €2.8m.
A breakdown of the seven-year spend shows that new turnkey housing builds cost the local authority €14,926,000; housing construction, €390,000; the acquisition of private dwellings and apartments, €3,804,000; extensions to council houses, €203,000; installation of central heating, €87,000; remedial works to older people's dwellings, €10,000 and the replacement of doors and windows in older stock, €74,000. The total value of the current public housing stock is €14.8m.
The figures were outlined to councillors recently in a report compiled for the outgoing Mayor, Cllr. Joe Doherty. They also show that the local authority currently has 157 tenants in existing housing schemes. A further 16 apartments will be constructed in two locations in the town in 2007 while work will also begin on the three new disability and older person dwellings.
"This year will see the implementation of the Rental Accommodation Scheme in Buncrana whereby tenants on rent supplement will have the option of remaining in their existing accommodation and paying rent to the Council the same as other Council tenants," according to the report.
Meanwhile, the Department of the Environment has approved a budget for a revamp of public houses built in Buncrana more than 20 years ago. This will cost an estimated €255,000. It will include the replacement of chimneys, windows, doors, facia, soffits and guttering; rewiring and extensions to two houses.
The renovation of vacant housing stock for the purpose of re-letting will be carried out to a much higher standard from this year onwards, the report stated.
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