Tag Archives: Capital Advance Leasing Facility

The Minister of State with responsibility for Employment, Trade, Business, EU Digital Single Market and Data Protection Pat Breen said the Department of Housing has approved support capital funding of €45,600 for the purchase of six apartments in Ennis. “The €45,000, which is 10 per cent of the cost of the Loreto Apartments in Ennis, will be provided to the Approved Housing Body (AHB) – CHI, by Clare County Council to secure their purchase for social housing. The funding will then be reimbursed to the council by the Department,” said Minister Breen. “This Capital Advance Leasing Facility (CALF) funding is capital support provided to AHBs, by local authorities, to assist with the financing of the construction or acquisition of units that will be provided for social housing use,” said the Clare minister of state. CALF is a loan facility that can support up to 30% of the eligible capital cost of the project, where the units will be provided under …

A 22-apartment complex in Pound Lane, Ennis, was officially opened this Thursday by Housing Minister, Paudie Coffey. The one and two-bedroomed apartments are owned and managed by Clúid Housing, one of the State’s largest housing associations. The apartments were originally built as a private development and, following consultation with Clare County Council, Clúid purchased the units for €970,000 in April this year, under the Capital Advance Leasing Facility (CALF) scheme and invested a further €130,000 in refurbishing the complex. The first tenants, including returned emigrant Jim Houlihan, took up residence in September 2014. A Heavy Goods Vehicle (HGV) driver, Jim Houlihan arrived back from London to his native Kilrush seven years ago, just as the Celtic Tiger era came to an abrupt end. “I was living and working in London for 30 years as a HGV driver and then as a bus driver for a year and I decided to come back to live and work in Ennis. But the …