The Land Development Agency (LDA) is to launch the application processes for over 600 new cost rental homes in the coming weeks.
The 621 homes are all cost rental apartments and are being delivered through the LDA’s Project Tosaigh initiative. They are being made available across four locations in Dublin and Kildare providing eligible applicants with the opportunity to secure a new home at rents that are at least 25% lower than market rates.
Applications will open for each of the developments soon with the first starting on January 15th. The homes are located in Hansfield in Dublin 15, Citywest in west Dublin, Kilternan in Dublin 18 and Leixlip in Co Kildare. This is the first time that Project Tosaigh homes have been made available in Kildare.
Would-be applicants are advised to familiarise themselves with the eligibility criteria and to prepare the documentation they will need if their application is successful through the lottery process. They are also being advised to closely monitor the LDA’s website to ensure they remain informed of the application process and the exact timings for each application window.
Created under the Affordable Housing Act 2021, cost rental offers a long-term secure rental option at below market rates for would-be tenants who do not qualify for social housing but who cannot access the private market without support. Applicants for cost rental homes must have a net household income of below €66,000 in Dublin and €59,000 outside Dublin.
The details of the cost rental homes being made available are as follows:
In addition, the LDA is also launching another phase of 15 cost rental homes from an existing development at Parklands in Citywest with the application process for this Project Tosaigh development opening today, Wednesday, January 10th, and running for a week. The homes at Parklands are houses with rents of €1,350 for a 3-bed house and €1,450 or €1,460 for a 4-bed house depending on house type.
Project Tosaigh is a Government initiative being delivered by the LDA in which the Agency steps in to kickstart construction and partner with developers on stalled or unviable developments and then makes the homes available as either cost rental or for purchase through a shared equity scheme. All of the homes being launched in the coming weeks are cost rental.
John Coleman, Chief Executive of the LDA said: “This is a great start to the year for the LDA and a major announcement on the provision of cost rental housing. In total, the LDA is making over 600 homes available to rent in superb locations at reduced rates for eligible candidates. Our new tenants in Dublin and Kildare will enjoy affordable rents and security of tenure. They will also live in well-connected and A-rated homes where they will have the opportunity to become part of and enrich new and existing sustainable communities.
“Under Project Tosaigh, the LDA is delivering over 5,000 homes by 2026. This is in addition to the 10,000 we are in the process of developing directly on state-owned or acquired land. Project Tosaigh is an excellent and well-funded initiative which allows the LDA to partner with developers to ensure delayed or otherwise unviable projects are completed and the homes are made available to tenants and purchasers at affordable rates.”
About the new LDA cost rental developments
Barnwell Point Apartments, Hansfield, Dublin 15: Developed by McGarrell Reilly, Barnwell Park Apartments involve 247 apartments over 6 blocks on a 1.67-hectare site with 272 car park spaces and 400 bike spaces. This gateway development is adjacent to Hansfield Train Station providing excellent connectivity and transportation links. It is just a short stroll away from Ongar Village with Blanchardstown Shopping Centre, the Phoenix Park and the National Aquatic Centre within easy reach. Barnwell Park Apartments are part of the wider Hansfield SDZ (Strategic Development Zone), which involves new tenant amenities including a new village centre and a 5-acre park. New schools have also opened in the area recently. An initial application phase opens on Thursday, January 18th and closes on Thursday, January 25th
Breakdown of apartment types: 247 apartments, comprising 22 x studios, 48 x 1-bed, 164 x 2-bed, 1 x 3-bed and 12 x 2-bed duplexes.
Rents: €1,050 for a studio apartment, €1,225 for a 1-bed apartment, €1,400 for a 2-bed and €1,600 for a 3-bed.
The Quarter, Citywest, Dublin 24: Developed by Cairn, The Quarter is located adjacent to the Fortunestown Luas stop. The LDA has secured 236 homes at this location over four blocks including 1-bed, 2-bed and 3-bed apartments. Tenants will enjoy easy access to the Luas, Citywest Shopping Centre, Citywest Convention Centre and nearby schools and amenities. The development is well-connected with excellent public transport links and quick access to the M50 and motorway network. It features underground car parking, bike spaces, a play area and a planned gym trail. Applications open on Wednesday, January 24th and close on Wednesday, January 31st.
Breakdown of apartment types: 236 apartments, comprising 68 x 1-bed, 162 x 2-bed and 6 x 3-bed apartments.
Rents: €1,390 for a 1-bed apartment, €1,580 for a 2-bed and €1,750 for a 3-bed.
Harpur Lane, Leixlip, Co. Kildare: A total of 52 apartments are being made available at Harpur Lane, which is adjacent to the picturesque village of Leixlip, a well-connected and bustling town. The area has an abundance of schools and crèches with well-established athletics, GAA, soccer, rugby and basketball clubs. For commuters, the village is close to the N4/M4, which leads on to the M50, while there is also regular Dublin Bus services and train connections.An initial application process opens on Monday, January 15th and closes on Monday, January 22nd.
Breakdown of apartments: 52 apartments, 21 x 1-bed and 31 x 2-bed units.
Rents: €1,357 for a 1-bed, €1,585 for a 2-bed.
Note: As Harpur Lane is in Leixlip and outside Dublin, a household’s net income must be lower than €59,000 to qualify.
Dun Óir, Kilternan, Dublin 18: Dun Óir is located off the Glenamuck Road in Dublin 18 between Stepaside and Enniskerry in a highly sought after area of South Dublin. A total of 86 units are being made available to rent in a development built by B&C Contractors. The location benefits from regular public transport services to the city centre and is within walking distance of the Luas. Tenants can avail of a vast array of local amenities including golf courses, adventure trails, equestrian centres and local parks and attractions. The area is surrounded by restaurants, bars and cafes with a range of schools and preschools to choose from as well as easy access to Carrickmines Retail Park, Leopardstown Shopping Centre, Dundrum Town Centre and Cornelscourt. Details of the application process are due to be announced soon.
Breakdown of apartments: 86 apartments, comprising of 51 x 1-bed and 35 x 2-bed.
Rents: €1,300 for a 1-bed apartment and €1,450 for a 2-bed.
About cost rental
Cost rental offers housing for the rental market at discounted market rents. Rents are typically 25 to 30% below the open market rate. Cost rental provides houses, apartments and duplexes to applicants who meet the required eligibility criteria.
To qualify for cost rental accommodation candidates must have a net annual household income of less than €66,000 (Dublin) or €59,000 (outside Dublin). They must be able to demonstrate their affordability to pay the stated rent, with their rent payments accounting for no more than 35% of their net household income.
Applicants must not own a property and their household size must match the size of the property in question. Applicants must not be in receipt of any social housing supports, including rent supplement or HAP.
How it works
