Applications open for first phase of 600 cost rental homes in Dublin

The Land Development Agency (LDA) has today announced that it is opening applications for the first phase of over 600 cost-rental homes in Dublin.

The 229 apartments at Cooper Square in Seven Mills in Dublin 22 include 102 one-bedroom, 116 two-bedroom and 11 three-bedroom homes.

Applications for this first phase will open on Monday at 12 noon. People can apply through the LDA website.

Cost rental  provides a secure, long term rental option with rents at least 25 per cent  below market rates. It is designed to assist those who do not quality for other state supports, but who are struggling to afford to rent in the private market.

Monthly rents for the apartments at Cooper Square start at €1,350 for a one-bedroom apartment, €1,500 for a two-bedroom apartment and €1,790 for a three-bedroom apartment.

Would-be applicants are advised to go to the LDA’s website for further information including details of the application process and requirements, the eligibility criteria and the number of occupants allowed for each apartment type.

Further application phases will be launched in the coming months and all information will be made available on the LDA website.

John Coleman, Chief Executive of the LDA said: “The LDA is proud to be making more affordable homes available in Dublin. These high-quality and well-located cost rental apartments will make great homes and enhance the existing community in Seven Mills. In total, the LDA has now completed more than 2,200 cost rental apartments, and we continue to expand our development pipeline to ensure we are delivering this much needed and effective home type and tenancy.

"Cost rental offers eligible candidates the opportunity to enjoy security of tenure in a newly built, A-rated home in a great location at rents that are well below market rates. I would like to thank Cairn for partnering with us and delivering these projects on time, on budget and to such a high standard.”