Torc Housing Partnership has selected Derwent FM to deliver repair and maintenance services to the Irish government's new public-private partnership (PPC) social housing programme.
Torc Housing Partnership will deliver 465 new social housing homes in Cork, Kildare, Clare, Galway, Waterford and Roscommon.
This project is the second bundle of the government's PPC programme to invest around £270 million in social housing. It is expected to comprise: development of up to 1,500 housing units on three 'bundles' of sites; provision of management and maintenance services to the developments over a 25-year period.
Properties then will be returned after 25 years, in prime condition, to the relevant local authority.
The National Development Finance Agency (NFDA) is procuring the project on behalf of Cork County Council, and the other councils, through a standard availability model PPP contract, which includes the design, build, finance, operation, management and maintenance of the social housing developments for a 25-year contract term. The local authorities will own the developments at the end of the term.