180 cost rental homes are expected to be secured for South Kildare, Senator says
A Senator has said that 180 cost rental homes are expected to be secured for South Kildare this year.
Fianna Fáil (FF) Senator Fiona O’Loughlin said: "I am delighted that assurances have been secured as a result of my lobbying that South Kildare will be a target area for cost rental homes in 2022."
"I have been liaising with Minister Darragh O’Brien and his officials and calling for our community to be included within the FF parliamentary party for some time now: cost rental is an obvious solution for us in Kildare South.
She continued: "Cost rental is a new form of tenure in Ireland where tenants will pay rent that covers the costs of delivering, managing, and maintaining the homes only... these homes are targeted to middle income households with a reduction of at least 25% on open market rental values.
"Cost rental offers you a long-term, secure tenancy that is more affordable for families.
Senator Fiona O’Loughlin, Fianna Fáil
"It is expected that 90 cost rental homes will be delivered in The Paddocks, 50 homes in Belin Woods in Newbridge and 40 homes in Walkers Gate in Kildare Town will be delivered this year.
"This is great news, and something I am so proud to have been able to deliver for my community."
Senator O' Loughlin said that while exact details of how to apply and when they will come on stream are not fully available at this early stage, the assurance that they will go ahead with a target completion date of 2022 has been secured: "Applications will be managed through a third party, and to qualify you have to earn under €53,000 and not be receiving social housing supports.
"Successful applicants will be decided by lottery, and this allows for all eligible parties to be assessed equally and fairly; the initial tenancy term is 6 years, with an option for a longer-term extension."
Senator O' Loughlin added: "It has always been my ambition to see a project such as Barnhall Meadows in Leixlip being delivered in South Kildare.
"Offering long term forever homes, reducing the cost on the squeezed middle and offering solutions to local people.
"I am pleased to see that South Kildare will benefit and I will continue to work closely with Minister O’Brien to deliver as soon as possible," she concluded.