The funding is jointly approved by Minister for the Environment, Alan Kelly, and Minister for State for Housing, Planning & Construction, Paudie Coffey.
Under the newly announced funding allocation, 68 units of accommodation will be acquired or constructed at various locations throughout Limerick City and will accommodate homeless persons.
Peter McVerry Trust will acquire seven units throughout the City, The Simon Community will develop four units at Speakers Corner in Limerick City as well as make six individual acquisitions throughout the City. Respond! will construct eleven units at Shelbourne Square and 40 units will be acquired by Focus Ireland Housing Association at various locations throughout the City.
Cluid Housing Association will construct 21 units of accommodation for the elderly and persons with disabilities at Deavuville, Dublin Road, Castletroy, while NABCO will construct 21 units at Drominbeg, Rhebogue, for general accommodation needs.
Limerick City County Council says it expects that newly acquired units will come on stream for people with housing need this year while it is anticipated that the newly constructed units will be completed by 2017.
"I warmly welcome this funding announcement which will assist those with specific needs such as people at risk of homelessness, the elderly, persons with disabilities and others on the social housing waiting list," said Cllr. Liam Galvin, Mayor of the City and County of Limerick.
"This investment is badly needed to cope with the increased demand for social housing and will help to reduce local authority waiting lists in Limerick. These construction works will also create jobs in Limerick City and surrounding areas.”
Caroline Curley, Director of Services, Limerick City an County Council said: "The Council has been advised that the Department of Environment, Community & Local Government will follow-up communication with all other Approved Housing Bodies that have submitted projects, but have not received approval as part of this announcement.
"This confirmation from the Department is potentially positive news for some of the remaining, unapproved CAS projects in Limerick."