Applications Now Open For New Cost Rental Homes In Newbridge

Wednesday, 20 April 2022 10:40

By Caoimhe Harney

Residents will be provided with long term security of tenure.

Clúid Housing has opened applications for 46 new cost rental homes in Newbridge.

The 46 new cost rental homes are a mix of one-, two-, and three-bedroom apartments, located in The Paddocks, Newbridge.

Under the Government’s Cost Rental Scheme, rents are targeted at a minimum of 25% below open market value, with prices for The Paddocks homes starting at €1,000 per month – approx. 25% to 30% below local market rates.

Residents will also be provided with long-term security of tenure.

Applications officially open on Wednesday 20th April 2022, click here.

The first homes available to move into before the end June 2022.

Under the Affordable Housing Act 2021, the Cost Rental Scheme will enable Clúid to set rents for this development in Newbridge as per the below:

• 1 bed apartment- €1,000 per calendar month

• 2 bed apartment- €1,240 per calendar month

• 3 bed apartment- €1,350 per calendar month

Applications close on Wednesday 27th of April.

To apply for the cost rental homes, applicants are obliged to provide evidence of the following eligibility criteria:

• Net household income is below €53,000 per annum

• Not in receipt of any social housing supports (including Rent Supplement or HAP)

• Do not own a property

• Household size matches the size of the property advertised (All members of the household must be living in Ireland at time of applying.)

• Applicants can afford to pay the cost rent for the home

• Household has only entered one application for a specific cost rental property

If more applications are received than properties available, completed applications will be selected at random.

The random selection system is automated and auditable, to ensure a fair application process for all.

Fiona Cormican, Clúid Housing’s Director of New Business, spoke about the new housing in Newbridge with Clem Ryan on Wednesday morning's Kildare Today: