€20 million euro is being spent on the construction of 56 new homes in the north inner city.
The sod was officially turned at O'Devaney Gardens today - 10 years after the initial regeneration project collapsed.
The €180 million plan to knock the flats and build 800 new homes as part of a public-private partnership fell apart in 2008 when the economic crash kicked in.
Now, the new construction is part of a bigger plan to build 600 homes - which will include a mix of social, affordable and private units.
Housing Minister Eoghan Murphy admits it hasn’t been an easy road for the community.
He observed: "There is a committment to the local community here that we are going to see affordable homes for members of the community to move back in... young people, young couples starting off in their careers, so they can be part of and live in this community."
Rose O’Connor has lived in the area for 61 years, and she’s cautiously optimistic about the future.
She said: "I hope the houses go ahead, and a nice community gets settled in [with] some facilities for children. There's nothing for the children around here... nothing at all.
"They promise this, and they promise that so I don't know if it's going to happen."
The houses should be complete in the next 12 to 18 months.