Cost Rental housing offers affordable long-term, secure rented accommodation. It is aimed at people who have a net household income of €59,000 or below.
The rent you pay is based on the cost of building, managing, and maintaining the homes. The rent for Cost Rental homes is at least 25% below regular market rents in the area.
Cost Rental homes are delivered by local authorities and are registered with the Residential Tenancies Board.
When Cost Rental homes become available, they will be publicly advertised across the Local Authority website, local newspapers and social media.
A total of 16 homes will be available , comprising of 8 - No1 Bed Apartments, 7 - No 2 Bed Apartments and 1 - No 1Bed Town House are being made available for rent by Monaghan County Council under the Cost Rental Scheme under the Affordable Housing Act 2021.
All Cost Rentals are set a minimum level of 25% below the market rent.
Monthly rents range between €673 - €1,046 (Deposit - 1 months rent will be required )
All units are unfurnished , whites goods are included.
To be eligible for consideration for Cost Rental Housing, you must meet the following criteria:
- Net household income is below €59,000 per annum. Applicants will have to submit proof of net household income on application.
- Applicants are not in receipt of any social housing supports ( including Rent Supplement or HAP)
- Do not own a property in Ireland or elsewhere
- Household size matches the size of the property advertised ( All members of the household must be living in Ireland at time of applying )
- Applicants can afford to pay the cost rent for home
Priority Criteria
In cases where eligible applications exceed available homes, priority will be given to those where the applicant ( or at least one joint applicant ) can demonstrate :
(a) Residence in the Monaghan Local Electoral Area ( also known as the Monaghan Municipal District ) for at least 12 months prior to application
(b) A place of employment withing 10km of the Park Street cost rental development.
If you have any queries please contact : affordablehousing@monaghancoco.ie
Click here for: Required Documents for online cost rental application
Click here for: Required Salary Certificate
Cost Rental Park Street Allocation Plan (PDF)
Hannah McKenna
Starter Homes Co-ordinator
Housing
Tel: 047 30500
Email: affordablehousing@monaghancoco.ie
Note: For further information on how to exercise your data protection rights, our data protection policy can be accessed at https://monaghan.ie/corporateservices/data-protection-privacy-notice/