LDA opens applications for 195 cost rental homes in Shanganagh Castle Estate

The Land Development Agency (LDA) has today announced that it is opening the application process for 195 cost rental homes in Shanganagh Castle Estate in Shankill, a joint housing project delivered in partnership with Dún Laoghaire-Rathdown County Council (DLR).

The application portal for the homes will open at 12 noon on Tuesday 10 December 2024 and will remain open for a week, while the lottery will be run in the first week of January 2025.

Would-be applicants are urged to closely study the eligibility criteria for cost rental homes and to ensure they fulfil the requirements. They are also  advised to prepare the documentation they will require to secure a home if they are selected through the initial lottery process.

The 195 homes include 19 studio apartments, 40-one beds, 107 two-beds and 29-three beds. The monthly rent for a studio apartment is €1,175 and the rent for a one-bed is €1,250. The 2-bed apartments are being made available for €1,575 a month and the 3-beds for €1,775.

Created under the Affordable Housing Act 2021, cost rental offers a long-term secure rental option at below market rates for would-be renters who do not qualify for social housing but who cannot access the private market without support. On average, the rents charged for cost rental apartments are at least 25% below market rates.

Applicants for these cost rental homes must have a net household income of below €66,000. They must also be able to afford the advertised rent, which should not account for more than 35% of their monthly net income.  Full information about the process is available on  https://lda.ie/affordable-homes/lda-cost-rental

The apartments in Shanganagh Castle Estate are all built to Passive House standards, which means the homes are better insulated and designed to be more energy efficient.

John Coleman, Chief Executive of the Land Development Agency said: “This is a fantastic opportunity for renters to secure a high-quality apartment in a wonderful development.  Our new tenants in Shanganagh Castle Estate will benefit from affordable rents and security of tenure. They will also live in a well-served and desirable location next to the sea, beside Shanganagh Park and close to both the Dublin and Wicklow Mountains. There are a host of amenities and public transport options nearby and both Shankill and Bray are within easy reach. 

 The LDA has already launched over 1,000 cost rental homes in a series of housing developments in Dublin, Wicklow and Kildare and they have all been or are in the process of being successfully occupied. In addition to Shanganagh, we plan to launch new cost rental apartments in Limerick shortly and we expect to make further announcements as new developments are delivered.” 

Frank Curran, Chief Executive of Dún Laoghaire-Rathdown County Council added: “Shanganagh Castle Estate is a fantastic new housing development with a great mix of affordable purchase, cost rental, and social homes. The estate is located in a wonderful area with an array of amenities, facilities, and services nearby. 

 “Cost rental offers a long-term secure rental option at below market rates for people who do not qualify for social housing but who cannot access the private market without support. These cost rental apartments, the largest Irish project certified to achieve the ‘Passive House’ low energy standard are designed to be energy efficient and will have excellent indoor air quality and comfort levels.”