Cost Rental Housing
Cost rental housing provides affordable rented accommodation to people on middle incomes.
What is Cost Rental?
This new housing tenure offers a long-term, secure rental option that will contribute to the development of a healthy housing market in Ireland. It is aimed at people who are above the threshold for social housing but have difficulty affording private rented accommodation.
It is called ‘cost rental’ because the rent charged is based on the cost of building, managing, and maintaining the homes. This makes the rent cheaper than standard private rents and means it is an affordable housing solution.
Terms and conditions for cost rental housing in Ireland are set out in the Affordable Housing Act 2021.
Am I eligible?
You are eligible for a cost rental home if you meet the following criteria;
Net annual household income is below €66,000 for Dublin, and €59,000 elsewhere in the country.
You are not in receipt of any social housing supports (including Rent Supplement or HAP)
You do not own a property
Your household size is suitable for the size of the property advertised (all members of the household must be living in Ireland at the time of applying)
You can afford to pay the rent for the home
Your household has only entered one application for a cost rental property.
Please note, affordability is a key criterion and is measured as rent being no more than 35% of your net household income. Applicants will be required to submit supporting documentation to evidence affordability. Only one application per household is permitted. Anyone or any household applying multiple times will be disqualified from the lottery.
You must include all members of your household when completing your Expression of Interest. If you do not include all members of your household in your Expression of Interest, you will be deemed ineligible.
Being drawn from the lottery is not an offer of accommodation; you must submit all documentation within 48 hours of request to submit documents and you must meet all criteria before being assessed and considered.
Register your interest.
If you are interested in Cost Rental housing, you should check the LDA and local authority websites, as well as the Available Properties section of the affordable homes website for details on upcoming developments.