Massive interest in low rent housing
An Irish housing association has received 850 applications in the space of just 2 days for 32 new cost rental homes in Cork city.
The new homes are located in Ballinglanna, Glanmire, and have rents of at least 25% below market value, starting at €840 per month.
Built by approved housing body and service provider Respond, the scheme comprises 8 3-bedroom houses (€1,085 per month), 8 2-bedroom houses (€1,015 per month), 8 2-bedroom duplex apartments (€945 per month), and 8 1-bedroom apartments (€840 per month).
The 32 new homes are located south east of Glanmire village with convenient access to a range of local services, schools and amenities.
Cost rental is not-for-profit housing where the rent covers the cost of the construction, management and maintenance of the home. It is supported by the Department of Housing, Local Government, and Heritage.
The Cost Rental Scheme is designed to support people who do not qualify for social housing but have a household net income of less than €53,000.
Applicants must also not be in receipt of any social housing supports or own a property. The applicant’s household size must match the size of the advertised property, and the applicant must be able to afford the cost rent for the home.
Niamh Randall, Spokesperson for Respond, said the new homes will provide people with high quality, secure cost rental homes at a more affordable price point.
She said: “With rents set approximately 25% below the market value, we hope these new cost rental properties will allow working households who are struggling to afford private sector rents to access stable, long-term homes where they can put down roots as part of a local community.”
Applications are still open on respond.ie and will remain open until 21 September. The first homes will be available to move into in early November 2022.
Respond has been working across Ireland for 40 years with a vision to provide every family and individual in Ireland access to high‐quality housing.
The association currently owns or manages 6,443 homes across Ireland’s 26 counties, housing more than 14,000 tenants.