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A apartment alms is to accommodate up to 190 amusing homes beyond Ireland.

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The Túath Apartment Association has appear a affiliation with AIB to armamentarium the accretion of the houses.

Túath are purchasing homes from the State's Apartment Agency and absolution them to families on bounded ascendancy apartment cat-and-mouse lists.

The alms says the backdrop are vacant, above rental units in charge of repair.

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As allotment of the initiative, Túath is refurbishing them with the amount of the works actuality added to the amount of purchasing the property.

AIB says it is accouterment antecedent allotment of €15m appear the amount of the acquirement and a adjustment bill.

The aboriginal tranche was acclimated to complete the acquirement and adjustment of 21 homes in the bounded ascendancy areas of Dublin city, south Dublin, Donegal, Westmeath, Galway canton and city, Kildare and Wexford.

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Chairman of Túath Séamus Doherty says: "It is capital that added accessible and autonomous area homes are provided for those shut out of the apartment market.

"More could be spent, and spent added finer by channelling apartment expenditure, aloft via clandestine finance, through apartment associations.

"At a time back we accept historically low borrowing rates, the country should be borrowing and architecture abundant added than we currently are."

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Eoghan O'Neill of AIB Corporate Banking added: "AIB is committed to arena a allusive role in carrying added amusing apartment in the months and years ahead.

"We are actual appreciative of our captivation in this accord with Túath."

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