Almost 30 new affordable cost rental homes for Laois

Almost 30 new affordable cost rental homes for Laois were announced by the Department of Housing on Friday. 

Laois was one of five counties to secure funding approval for new cost rental homes which will provide secure tenures at a minimum of 25% below market rates.

Funding will be provided for 28 new cost rental homes in Laois, 25 in Kildare, 25 in Kilkenny City, 51 in Cork City and 417 in Dublin City.

Announcing the €100 million national fund, Minister for Housing, Local Government and Heritage, Darragh O’Brien TD said: “The affordable cost rental homes delivered to date have been extremely popular with most schemes oversubscribed. The high demand is a clear indication of the success of this form of housing and the effectiveness of our cost rental approach. It’s vital that we scale up supply, and approvals such as these are ensuring we can do just that.”

“Cost rental means affordable rents – it means security of tenure, it means top quality homes and perhaps most importantly it means peace of mind for tenants, allowing them to establish roots in an area and plan for the future.” 

Cost rental homes are aimed at people on middle incomes who are constrained by rents in the private rental market, but who don’t meet the income criteria for social housing support.

You qualify for cost rental housing if your net household income is below €66,000 per annum in Dublin and €59,000 for everywhere else in the country.