Ghost Estates

News that 3 unfinished housing estates in Inishowen are to receive vital funding to deal with issues around ghost estates has been welcomed by Labour councillor, Martin Farren.
Funding worth €1,491,429 will be spent on 8 housing estates in Donegal after Labour Minister, Jan O’Sullivan, launched the €10m Special Resolution Fund announced in Budget 2014.

In the case of Donegal €851,101.00 has been provisional approved from the Special Resolution Fund and a further €640,328.00 has been provided by third parties and developers’ bonds.

This will allow Donegal to complete remedial works to 8 ghost estates.

Martin Farren
Welcoming the announcement Councillor Farren stated that the money would be used to tackle problems such as poor roads, footpaths and public lighting.

He said “This is great news for the communities who live in these estates, many of them with young families and who badly need a break.
“3 estates in Inishowen will receive €483,480.00 from the fund. These are Gerard’s Way, Carndonagh, Cois na hAbhain, Malin, and Monreagh, Burnfoot.

“This investment is also good for the wider local community. Unfinished estates are often an eyesore in an area and this investment will resolve some of the most problematic estates.”
“The local economy is also set for a boost considering the construction work involved. I would urge Donegal County Council to avail where possible of the services of community organisations that employ and train long-term unemployed people.
“It is now over to the council to get the ball rolling and ensure that this necessary work is completed as soon as possible.”