Cost Rental Schemes
Update as of November 2024
Cork County Council will advertise, in due course, the respective Cost Rental Housing Schemes when they are set to become available. Schemes will be advertised publicly via the Council’s website and social media channels. Advertisements will direct interested parties to the appropriate website/online platform from where they will be able to access the respective documentation (online application form, FAQs, eligibility criteria, income limits, time frames etc.) and to make an application via the online portal.
| Scheme Location | No. of Units | Type of Units | Available to Apply |
|---|---|---|---|
| The Fairways, Midleton | 10 | 2 and 3 bedroom houses | Quarter 2 of 2025 |
| Allmans View, Bandon | 20 | 2 and 3 bedroom houses | Quarter 2 of 2025 |
What is Cost Rental?
Cost Rental is a new housing tenure that was created under the Affordable Housing Act 2021. It offers a long-term, secure rental option that will contribute to the development of a sustainable housing market in Ireland which provides choice across all tenures. The rent on these units is based on the cost of building, managing, and maintaining the homes.
Please Note:
Only one application per unit type, per household is permitted. Anyone or any household applying multiple times for a single unit type, will be disqualified from the process.
Am I eligible?
You may apply/register your interest on The LDA website and follow the instructions. This is the only method by which to apply/register your interest. Applications cannot be made by post, email or over the phone.
*Terms and conditions for cost rental housing in Ireland are set out in the Affordable Housing Act 2021.
In order to be considered for Cost Rental Housing we will require each applicant to clearly outline how they have reached the Household Net Income calculation with supporting documentation. Affordability is a key criteria and is measured as rent being no more than 35% of your Net Income.
To be eligible for consideration for Cost Rental Housing, you must meet the following criteria:
- Your net household income is below €59,000 per annum. Applicants will have to prove how they have calculated their net household income.
- You are not in receipt of any social housing supports (including Rent Supplement or HAP).
- You do not own a property in Ireland or elsewhere.
- Applicants must be permanent residents and tax domicile in Ireland.
- Your household size matches the size of the property advertised (All members of the household must be living in Ireland at time of applying).
- You can afford to pay the cost rent for the home. Please see FAQs for further information.
- Your household has only entered one application for a specific cost rental property.
