140 affordable homes are set to be built on a site currently used as a car park for Cork City Council staff.
The Land Development Agency says it plans to deliver the homes on Anglesea Terrace close to the Elysian by 2030.
The exact number of homes has not been finalised, but it is likely to be just over 140.
John Coleman, Chief Executive of the Land Development Agency said, “We are delighted to be partnering with Cork City Council to deliver much-needed affordable homes in the heart of Cork city. The LDA is steadily increasing its footprint in Cork and is determined to ramp up delivery in the city and its suburbs over the coming months and years."