Fianna Fail Senator Fiona O’Loughlin has announced the opening of applications for 46 new cost rental homes which are a mix of one-, two-, and three-bedroom apartments, located in The Paddocks, Newbridge, Co. Kildare.
Senator O’Loughlin said “I am absolutely delighted to inform you that applications have opened for 46 new cost rental homes in Newbridge. These are a mix of one-, two-, and three-bedroom apartments, located in The Paddocks, Newbridge, Co. Kildare.”
“The Cost Rental Scheme, which is a key element of Fianna Fail’s Housing for all strategy, will mean rents are targeted at a minimum of 25% below open market value, with prices for The Paddocks homes starting at €1,000 per month – approx. 25% to 30% below local market rates. Key to this is the fact that residents will also be provided with long-term security of tenure.”
“I have been liaising with Minister Darragh O’Brien and his officials and calling for our community to be included within the Fianna Fail parliamentary party for some time now. Cost rental is an obvious solution for us in Kildare South.”
“Under the Affordable Housing Act 2021, the Cost Rental Scheme will enable Clúid to set rents for this development in Newbridge as per the below:
1 bed apartment- €1,000 per calendar month
2 bed apartment- €1,240 per calendar month
3 bed apartment- €1,350 per calendar month.”
Concluding, Senator O’Loughlin said “It has always been my ambition to see a project such as Barnhall Meadows in Leixlip being delivered in South Kildare. Offering long term forever homes, reducing the cost on the squeezed middle and offering solutions to local people. I am pleased to see that we are delivering this for Newbridge with 2 further developments at Belin Woods in Newbridge and Walkers Gate in Kildare Town expected by the end of the year.”
-ENDS-
NOTES:
Applications officially open on https://www.cluid.ie/cost-rental/#costRental_apply today Wednesday April 20 2022, with the first homes available to move into before the end June 2022.
Full release