Cost-Rental Apartments in Tallaght to Open Applications

Background:

The cost-rental housing scheme was introduced in Ireland to provide affordable rental options for middle-income earners. Under this scheme, tenants pay a rent that covers the cost of construction and maintenance, without any profit margin for the landlord.

Project Details:

184 cost-rental apartments will be available in Tallaght, a suburb of Dublin.
The apartments will be located in two developments: Belgard Square (125 units) and Ravenswood (59 units).
The project is supported by the Housing Finance Agency (HFA) and Dublin City Council.

Eligibility Criteria:

To be eligible for a cost-rental apartment in Tallaght, applicants must meet the following criteria:

Be employed or self-employed with a gross household income limit of €53,000.
Not own or have a beneficial interest in any other property.
Not have any outstanding rent arrears or tenancy breaches.

Application Process:

Applications for the Tallaght cost-rental apartments will open on June 21st, 2023.
Applicants must register online at www.costerentalhomes.ie.
The application deadline is July 12th, 2023.

Selection Process:

Applications will be reviewed by the Housing Agency, which will conduct a lottery draw to determine the successful applicants.
Successful applicants will be contacted by email or phone.
They will then be required to provide proof of income and eligibility.

Rent Levels and Lease Terms:

The average rent for a two-bedroom apartment in the Tallaght developments will be €1,300 per month.
The average rent for a three-bedroom apartment will be €1,500 per month.
Lease terms will be for a minimum of five years, with the option to renew for an additional five years.

Benefits of Cost-Rental Housing:

Affordability: Cost-rental apartments are significantly more affordable than typical market rents, as they are designed to cover only the cost of construction and maintenance.
Security: Tenants have long-term lease agreements (minimum of five years), providing stability and peace of mind.
Government Support: The cost-rental scheme is backed by the Irish government, ensuring the sustainability and affordability of the apartments.

Additional Information:

The Tallaght cost-rental apartments are expected to be completed by the end of 2024.
The developments will also include communal amenities such as parking, gardens, and a playground.
For more information on the cost-rental housing scheme, visit www.housingagency.ie.

Call to Action:

Eligible individuals who are seeking affordable rental options in Tallaght are encouraged to register for the cost-rental apartments online at www.costerentalhomes.ie by July 12th, 2023.