Dáil Éireann Debate, Thursday - 19 September 2024
107. Deputy Richard Boyd Barrett asked the Minister for Housing, Local Government and Heritage the measures his Department is taking to ensure that the affordable to purchase housing at Shanganagh, and on all other publicly provided affordable housing schemes, will be genuinely affordable for those on average incomes. [36999/24]
Amharc ar fhreagraThe social and affordable housing development at Shanganagh is being delivered in a partnership between Dun Laoghaire-Rathdown County Council and the Land Development Agency (LDA). In addition to social housing, the scheme will deliver 306 cost rental and 91 affordable purchase homes.
In line with the Affordable Housing Act 2021, the administration of affordable housing schemes is a matter for the delivery partners, Dun Laoghaire-Rathdown County Council in collaboration with the LDA, who I expect will announce the cost rents and discounted affordable prices at which the homes will be made available to eligible persons when they are in a position to advertise the properties in line with standard arrangements.
Funding to support affordable delivery of the affordable purchase homes is approved from the Affordable Housing Fund to assist with the development costs of the 91 homes for affordable purchase. It is a condition of this funding that the homes be offered to eligible households at a discounted upfront affordable price of at least 15% below the market value of the homes.
I understand that the cost rental apartments will be let and managed by the LDA. The designation of cost rental homes requires that the initial rent is set at a rate that is at least 25% below the market rent for comparable homes in the same location.
