Cork County Council Announces 10 Cost Rental Homes in Bantry
Cork County Council has launched its first Cost Rental scheme which aims to provide affordable rented accommodation to people on middle incomes. Applications for the new two, three and four bed houses at An Cnocan, Milleencoola, Bantry will open at 12 noon on Monday the 14th of October 2024.
The scheme is aimed at people who do not own a home and are above the threshold for social housing but have difficulty affording private rented accommodation. Cost Rental provides a secure tenancy at a rent which is below the market rent in the local area and is a long-term secure rental option.
The development of 10 newly built, A-rated, family homes is located in a much sought-after residential location in Bantry. The rent for the 10 houses, made up of 8 two-bedroom, one three-bedroom and one four-bedroom properties, is at least 25% below private market rents in the area.
Houses will be allocated on a lottery basis to applicants who have submitted all the required documents and who are deemed eligible for the scheme. Renters will enter a tenancy arrangement with Cork County Council.
Mayor of the County of Cork, Cllr. Joe Carroll said,
Chief Executive of Cork County Council, Moira Murrell added,
Applications for the scheme will be accepted between 12 noon on the 14th of October 2024 and 12 noon on the 28th of October 2024 via the online application portal available at the link below.
Further information on this scheme and other upcoming schemes, including the eligibility criteria, guide to making an application and documentation required is also available on the website.