It’s great news for house hunters.

Tanaiste and Cork South-Central TD Simon Coveney has welcomed the granting of more than €38m in essential infrastructure grants to enable the building of 2440 new homes in Cork City and County.

The LIHAF Grants (Local Infrastructure Housing Activation Fund) are being awarded to 14 projects to allow the 2440 homes be delivered by 2021.

Included in the announcements is the upgrade of the Shannonpark Roundabout, where 400 new homes will be built, the South Docks, where 620 new homes will be situated and the Old Whitechurch Road, where 600 homes will be built in the coming years.

The funding will also cover the Kennedy Park and the Marina Park upgrade, which is due to begin in April, an upgrade of Dunkettle road (northern section) in Glanmire and the upgrade of Shannonpark roundabout in Carrigaline.

“Many of these homes are already under construction and will be delivered long before 2021 but these pieces of infrastructure are essential to make the developments viable and to have attracted private developers in the first place.” said Simon Coveney.

The Tanaiste pointed out that, under Project Ireland 2040, Cork is going to be the fastest growing City in Ireland for the next two decades and the City and County will have as high a population growth as Dublin.