First ‘cost rental’ homes under new agency include two-beds 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.

That’s more than a mortgage!

And how the hell are young people they going to afford that even..? Rental only. It should be Rent to Buy at the least.

1455 a month, yeah that's affordable 🤣

LeoVaeradkar: €1,455 is an unaffordable rental rate to offer people who will never be able to afford their own homes. This will not address homelessness for the minimum waged or for benefit recipients. MaryLouMcDonald rtenews Independent_ie irishexaminer thejournal_ie

Or borrow €360,000 and buy a €400,000 home - rate fixed for 4 years.

That’s more than the mortgage we pay for a four bed house in 2017. Talk about a f*cked up system and country with thanks to primarily FFG.

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