LDA Cost Rental

Affordable homes

What is Cost Rental?

Cost Rental is a new housing tenure that was created under the Affordable Housing Act 2021. It offers a long-term, secure rental option that will contribute to the development of a sustainable housing market in Ireland which provides choice across all tenures. The rent on these units is based on the cost of building, managing, and maintaining the homes.

Property Size:

If you are interested you should apply for the size property that matches your needs. We will seek not to under- or over-occupy properties. In other words, a 1-bed home will not be allocated to a family of two adults and one child, and a 2-bed home would not be allocated to a single adult. Set out below, are the guidelines we will be following:

Studio unit - suitable for a single person, or cohabiting couple.

One-bed unit – suitable for a single person, or cohabiting couple.

Two-bed unit – suitable for two adults, a cohabiting couple, a cohabiting couple and one adult, or cohabiting couple/lone parent with 1 or 2 children.

Three-bed unit – suitable for three adults, cohabiting couple and one adult, cohabiting couple with 1 or more children or lone parent with 2 or more children.

Four-bed unit – suitable for four adults, a cohabiting couple and two adults, a cohabiting couple with 2 or more children, lone parent with 3 or more children.

Applicants may apply for one or more unit types that matches their household size. Only one application per household, per unit type is permitted.

Please Note:

We will not consider an application that will lead to over occupation of a property. Over occupation is where more than two children are occupying one bedroom per household or where two children one of whom is aged 10 or more, of opposite sex are sharing a room.

Only one application per home type, per household is permitted. Anyone or any household applying multiple times for a single unit type, will be disqualified from the process.

Am I eligible?

You may register your interest on The LDA website and follow the instructions. This is the only method by which to register your interest. Applications cannot be made by post, email or over the phone.

*Terms and conditions for cost rental housing in Ireland are set out in the Affordable Housing Act 2021.

In order to be considered for Cost Rental Housing we will require each applicant to clearly outline how they have reached the Household Net Income calculation with supporting documentation . Affordability is a key criteria and is measured as rent being no more than 35% of your Net Income.

To be eligible for consideration for Cost Rental Housing, you must meet the following criteria:

Your net household income is below €66,000 per annum for Dublin and €59,000 for elsewhere in the country. Applicants will have to prove how they have calculated their net household income.
You are not in receipt of any social housing supports (including Rent Supplement or HAP).
You do not own a property in Ireland or elsewhere.
Your household size matches the size of the property advertised (All members of the household must be living in Ireland at time of applying).
Applicants must be permanent residents and tax domicile in Ireland.
You can afford to pay the cost rent for the home. Please see FAQs below for further information.
Your household has only entered one application for a specific cost rental property.

How do I apply?

You must first register your interest in one property type and indicate your eligibility, by providing the information requested on the form. Affordability is an important factor and is measured as rent being no more than 35% of your Net Income, this is one of the core eligibility criteria for the scheme and these will be used to initially stream applicants into the lottery process.

Applicants selected at random via lottery

Applicants successful in the lottery will be asked to document their Net Income calculation as part of the information required to move to the next phase. Affordability is based on the rent being no more than 35% of your Net Income. Applicants will also be requested to upload all the required supporting documents, as evidence that they are eligible for Cost Rental Housing and will have 72 hours to complete this process after which time the offer will be revoked and the property offered to the next person drawn from the lottery.