McEnaney family's housing venture receives €24 million over three months, catering to homeless and refugee populations
The McEnaney family group has seen significant growth and expansion of its property portfolio over recent years, building a substantial presence across various locations in Ireland. The family-owned businesses, which include a network of brothers, own numerous apartments, with properties in Westside, Letterkenny, Co Donegal, among others [2][4].
Recently, the group has applied for planning permission for a development of 101 units, set to be completed by December 2024 [2][4]. This growth in property holdings is linked to the group's provision of emergency accommodation for vulnerable groups, such as asylum seekers, refugees from the war in Ukraine, and the homeless.
In the first three months of this year alone, the family group earned €24.4 million for housing these individuals, with Dublin City Council contributing a significant portion of this income [1][3][4]. The Council funds emergency accommodation for homeless people within Dublin, while the Department of Integration provides accommodation for asylum seekers and Ukrainians [5].
The McEnaney family group's ability to scale its property operations, particularly in partnership with Dublin City Council, has been a key factor in its rapid growth. This expansive operation reflects a combination of long-term property development dating back decades and recent surges in demand linked to migration crises and homelessness challenges [2][3].
It's worth noting that the group's emergency accommodation services are not limited to the Dublin City Council area. The group's income is solely from public money sources, including the Department of Integration and Dublin City Council [6].
In summary, the McEnaney family group's rapid growth and property portfolio expansion are attributed to decades of property development and a recent focus on providing emergency accommodation for vulnerable groups. This focus has generated tens of millions in revenue from public contracts within short periods in recent years [1][2][3][4].
The McEnaney family group's expansion in the property business and income generation aligns with both general-news topics and the politics of housing and homelessness in Ireland. This development also intertwines with the finance sector, as the group's profitsfrom providingemergency accommodation have reached millions, primarily from public funds. Moreover, the group's extensive property holdings and constant growth have garnered attention in business circles for potential partnerships and investments.
