Land Development Agency’s first ‘cost rental’ offers two-bed homes for €1,455 per month

The agency said the prices were pitched at 30 per cent below comparable average open market prices in the area. It said the scheme was “a step forward” in its mission to help deliver affordable rents at scale, which is the start of a pipeline of 5,000 cost rental and affordable purchase homes to be delivered under the agency’s Project Tosaigh initiative.

Some 48 new homes opened for applications at Archers’ Wood in late November, and were oversubscribed with 150 applications received. A further 94 one-bedroom homes will be offered in early 2023.to unlock land in private ownership that has planning permission but where delivery has stalled due to financing and other constraints.

Colbert Station, Limerick.

This may be 25% lower than mkt price but it is outrageous ! The fundamentals are flawed, work to make money to spend it all for basic shelter needs. This is no way to live, is there any comprehension of the stress on the tax paying purchaser who needs a home? !

Should be enough to buy it for that.

We regulate taxi prices to within a euro per kilometer, but GOD FORBID we regulate one of the most important basic human needs, this government have turned this country into a joke, regulate property and rent prices in the same way we regulate taxis its not that difficult

They actually just don't get it do they. Like read the room ffg.

€18,000 a year to rent. Mortgages are cheaper than this. 25 year Mortgage at 1500 a month. What house price does that equate to? This is insanity and down right immoral.

More like €445 would be acceptable and write it into law - €200 per person per month. No HAP needed and people can budget - and those on lowest income could afford it -

Still completely ridiculous that people should have to pay a grand and a half a month for a two bedroom house.

Just like that 1455. Over a third of people's monthly income, to live in someone else's house.

Depending on the location, that’s approx 25% lower than the current market rent.

DarraghOBrienTD are you having a laugh? DeptHousingIRL LeoVaradkar

When?

Dundrum LDA site planning application submitted early last year. It's with ABP currently. Enabling works already started on the St. Kevin's site before Christmas.

Nuts

Almost €1500 cash per month for a two bed. Affordable me hole.

Fantastic

'Affordable'

Are these prices based on what they think the market will bear...or cost of construction? Not the same thing at all RoryHearneGaffs costrental CostOfLiving

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