Cork County Council has launched a Cost Rental scheme which aims to provide affordable rented accommodation to people on middle incomes. Applications for the new one bed apartments, two bed duplexes and three bed houses at Baile Adaim, Carrigtwohill will open at 12 noon on Monday, 18th May.
The scheme is aimed at people who do not own a home, are above the threshold for social housing, but have difficulty affording private rented accommodation. Cost Rental provides a secure tenancy at a rent which is below the market rent in the local area and is a long-term secure rental option. This new tenure of rental property is supported by the Department of Housing, Local Government and Heritage.
The development of 12 newly built, A-rated, family homes is located in a much sought-after residential location in Carrigtwohill. There are one bed apartments, two bed duplexes and three bed semi-detached properties available. The rent is at least 28% below private market rents in the area.
TARGETS
Mayor of the County of Cork, Cllr. Mary Linehan Foley said she was ‘delighted’ to announce the launch of the scheme in Carrigtwohill.
“The development at Baile Adaim is superbly situated in this popular residential area just a short distance from Carrigtwohill’s town centre and all its amenities. This new scheme demonstrates the work that Cork County Council is doing in achieving the targets set by the government.”
Applications for the scheme will be accepted between 12 noon on May 18th and 12 noon on June 2nd, via the online application portal on Cork County Council’s website, corkcoco.ie. Houses will be allocated on a lottery basis to applicants who have submitted all the required documents and who are deemed eligible for the scheme. Renters will enter a tenancy arrangement with Cork County Council.
Further information on this scheme and other upcoming schemes, including the eligibility criteria, guide to making an application and documentation required is also available at corkcoco.ie
