What is Cost Rental?
Cost Rental is a new form of rental housing tenure in Ireland, designed for people whose income means they don’t qualify for social housing or other support, such as HAP, but who still struggle to rent on the open market.
All Cost Rental homes have their rents set at a minimum level of 25% below the local market rents. The rents in Cost Rental homes are set to cover the cost of construction, maintenance, and operation of the development, ensuring long-term affordability for residents.
Am I eligible?
To be eligible to rent one of these new Cost Rental homes, applicants must be able to prove:
- Their net household income is below €59,000 per year
- They are not receiving any social housing supports, such as HAP or Rent Supplement
- They can afford the rent
- They don’t own a property
- The size of the apartment meets the needs of the household e.g. 2 bedroom need.
Clúid Housing provided the first cost rental scheme in County Laois.
Further information.
For more information on cost rental please visit Clúids own website:
Clúid - Cost Rental