Cost Rental Housing

Cost rental housing provides affordable rented accommodation to people on middle incomes. It is aimed at people who are above the threshold for social housing but have difficulty affording private rented accommodation. It is called “cost rental” because the rent you pay is based on the cost of building, managing, and maintaining the homes. This makes the rent cheaper than standard rents. The rent for cost rental homes must be at least 25% below regular market rents in an area.

APPLICATIONS NOW CLOSED

Gort na hInse, Ballynaneashagh, Waterford

Download the FAQs

The current Cost Rental Housing Scheme comprises 22 homes at Gort na hInse, Ballynaneashagh, Waterford.

Cost Rental homes are aimed at people on middle incomes who may have difficulty paying the rent in private rented accommodation, but who do not meet the income criteria for social housing support. In order to be considered for Cost Rental Housing you must meet the following criteria.
  • Your household net income is below €59,000 per annum
  • You are not in receipt of any social housing supports
  • You do not own a property
  • Your household size is acceptable occupancy for the properties advertised.
Details of acceptable occupancy and full eligibility criteria are available in our FAQs

Cost Rental offers a new, long-term and secure rental option for middle-income earners. The rent on these homes is based on the cost of building, managing, and maintaining the homes. Affordability is key and is measured as rent being no more than 35% of your Net Income. The rent for cost Rental Homes will be at least 25% below regular market rents in an area.

Gort na hInse rental costs:

  • 2-bedroom home - €1,000 per month
  • 3-bedroom home - €1,250 per month

The Cost Rental homes are fitted with oven and hob, fridge freezer, microwave and washing machine.

Applications for Cost Rental Housing at Gort na hInse, Ballynaneashagh open on Tuesday, 17th October, 2023.

To apply for a cost rental home you should visit www.waterfordcouncil.ie and follow the link to Cost Rental Housing and the relevant application form. Complete the application form and submit with your required supporting documentation.

Applications cannot be made by post, email or over the phone.

If your name is chosen from the lottery, the following documents will need to be submitted;

  • Proof of ID for each household member aged 18 and over
  • Proof of Address for all members of the household aged 18 and over
  • Proof of Income for all members of the household aged 18 and over
Please have these documents ready when you make your application. The application process is open from Tuesday 17th October to Friday 3rd November 2023 and all documentation needs to be uploaded in this timeframe. For full information on what is acceptable proof for each document please see our FAQs.

Verified applicants will be entered into a lottery and selected at random. If you are selected in the lottery, Waterford City and County Council will contact you and inform you where you have been placed.

Provided there are no issues with breach of tenancy or rent arrears, after 6 months in occupation you will have a tenancy of unlimited duration, subject to you complying with your tenancy obligations and the home continues to meet the needs of you and the people living with you as it relates to the number of bedspaces and the number and make up of the occupants.

Properties will start to become available early 2024.

Waterford City and County Council will hold a valid application for no more than 12 months from the date on which the vacancy was advertised and any further vacancy for that house may be selected from the relevant group of applicants, in the order determined by the lottery.


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