Monaghan County Council is currently progressing the delivery of Affordable Housing. Schemes where Affordable Housing is available will be publicly advertised across the Local Authority website, local newspapers and social media.​

The Affordable Purchase Scheme sees Monaghan County Council make new, local homes available for purchase to First Time Buyers and Fresh Start applicants at reduced prices, whose combined mortgage and deposit will not cover the market price of the newly built home.   ​

In return, Monaghan County Council takes a percentage equity stake in the Affordable Home, equal to the discount of the purchase price from the full market value of the home. ​

Eligibility Criteria​

To be eligible for a property under the Local Authority Affordable Purchase Scheme, the following criteria apply:​

  • The combined gross household income of all of the persons making the application, is below a certain level. This is calculated by multiplying the gross household income by 4. This must be less than 85.5% of the market value of the Affordable Home. (Exceptions to this may apply in certain circumstances) ​
  • The applicant’s gross household income plus deposit plus excess savings must not exceed 95% of the market value of the home.​
  • The Scheme is for First-Time buyers or qualify under the Fresh Start principle.​
  • A minimum deposit of 10% of the purchase price is required.​
  • Each person included in the application must have the right to reside indefinitely in the State.​
  • The affordable home will be principle place of residence.​
  • Over 18 years of age.​

Monaghan County Council will assess applicants eligibility in accordance with regulations and their Scheme of Priority. ​

Further information can be found below: ​

Affordable Homes website: ​

Affordable Purchase Scheme | Cost Rental Scheme​

Guide to the Affordable Purchase Scheme​

Affordable Purchase Scheme.pdf​

Step by Step Guide ​

Affordable-Purchase-Step-by-Step.pdf​

Video ​

https://www.youtube.com/watch?v=NSDMMhcASj0​

 ​Enquires please contact ​

Hannah McKenna ​

Housing ​

047 30500 ​

affordablehousing@monaghancoco.ie

Note: For further information on how to exercise your data protection rights, our data protection policy can be accessed at Privacy Policy for website.pdf monaghancoco.ie) The Council’s Data Protection Officer dpo@monaghancoco.ie