Councillor Noeleen Reilly says she welcomes the news that IRES Reit are ‘pulling out’ of Hampton Woods and will be replaced by Tuath Housing.
The Dublin City Councillor for Ballymun/Finglas said local tenants are also happy with the new arrangement.
“Residents today in a 150 unit apartment block in Hampton Woods received letters from Tuath Housing who advised them they will be taking over their tenancy,” Councillor Reilly said.
“IRES have been in place for a number of years and have been a disaster for the area.
“They care little about building a sustainable community and have allowed all sorts of behaviour in this complex.
“This has had a hugely negative impact on the surrounding area.
“Vulture funds have not been positive and it seems harsh but I’m quite happy to see the
back of them from Hampton Woods.
“When I spoke to Tuath Housing they assured me that no one will become homeless as a result of this move and that long term leases will be offered to tenants.
“I know tenants are happy with this move as they see it a more permanent solution to their housing needs.
“Tuath has advised tenants if they have any queries to contact them as soon as possible”