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 opened today, Monday 17th November at 12 noon.
People can apply through the LDA website.
Cost rental is a relatively new tenure, which provides a secure, long term rental option with rents at least 25% 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.
The 607 apartments at Cooper Square are being delivered as part of the LDA’s homebuilder partnerships initiative, known as Project Tosaigh, whereby the LDA partners with homebuilders to provide the financial stimulus needed to complete housing projects.
Cooper Square is being delivered by the LDA in partnership with Cairn Homes.
Cairn is the lead developer at Seven Mills, a new town being developed beside the Grand Canal between Clondalkin and Lucan.
Seven Mills is part of the Clonburris SDZ and is located next to train stations with excellent public transport, cycling and road connections.
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.”
Michael Stanley, Chief Executive of Cairn Homes, said: “We are delighted to be partnering with the LDA to deliver one of the largest ‘Passivhaus’ apartment developments currently under construction in Europe.
“The LDA’s first residents will shortly move into their energy efficient, affordable rental homes and we look forward to welcoming them to Cooper Square at Seven Mills.
“Looking forward, we are comfortably ahead of our construction programme, which will result in all 607 apartments, tenant amenities and public realm being fully completed by late 2026, just over two and half years from commencement.
“Cairn’s pace and scale will remain a cornerstone of our relationship with the LDA as we work together to reduce apartment delivery costs.”