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Affordable Cost Rental Homes For Laois Given Go Ahead

Friday, 12 April 2024 08:44

Just under 550 new affordable homes are destined for five different local authorities.

547 new affordable cost rental homes have been given the green light at the cost of €100m.

The new rental homes will be provided at a minimum of 25 per cent below market rates The Minister for Housing Darragh O’Brien said the 547 new units will be delivered across five different local authorities.

Today’s announcement will see units delivered in Laois, Kildare, Kilkenny City, Cork City with the majority 417 ear marked for Dublin City.

Over €675m has already been approved to assist in the delivery of over 3,250 Cost Rental homes across 12 local authority areas.

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.

Qualification for cost rental housing is based on net household income which is below €66,000 per annum in Dublin and €59,000 for the rest of the country.

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