Cookstown Gateway, Cookstown, Dublin 24

Net household income is calculated by adding together the net income for each household member aged 18 years and over. Net income means that income tax, universal social charge, PRSI and superannuation are deducted from the relevant gross assessable income. Click here for an explanation of payslip terms. Net Income Calculator

Income that is assessable for the purposes of assessing eligibility for cost rental housing?

• income from employment including overtime, bonuses and commissions. Overtime payments, commissions and bonuses will be assessable as follows:
  • overtime – generally restricted to a maximum of 10% of basic income, but regular overtime may be taken into account;
  • bonus – restricted to a maximum of 10% of basic income;
  • commission – restricted to a maximum of 30% of basic income, where applicable;
    
  • public sector employee pensionable allowances.
• income from self-employment;
• maintenance payments received, subject to criteria set out in the Guidance notes on the Household Means Policy of 30 March 2011
• income from dividends, capital investments and other similar sources of income;
• occupational and social welfare pensions, from whatever source, including from abroad, and
• all income from social insurance and social assistance payments, allowances, and benefits, including Family Income Supplement is assessable, with the exception of the below.

Income from the following sources shall, in all cases, be disregarded for the purposes of assessing income:

• child benefit or guardian’s payment;

• exceptional or urgent needs payments;

• carer’s allowance;

• scholarships or higher education grants;

• foster care payments;

• domiciliary care allowance;

• allowances/assistance from charities;

• fuel allowance;

• mobility allowance;

• living alone allowance;

• rent or mortgage interest supplements; and

• payments under FÁS schemes; and

• redundancy due to lose of a job because the employer is closing the business or reducing the number of staff.

To allocate the properties in the fairest way possible after meeting affordability, we use a random selection process and contact people to commence verification. We would ask you to submit the following documentation to confirm eligibility within the next 72 hours. Please be advised that this is the next step in the process and is not an offer letter.

All documents required in order to proceed with your application:

Cover Letter

Please provide a Cover Letter outlining the below information

1. How you reached your Household 'Net Income' calculation for all household members over 18 years.
2. Relationship status to the other applicants.
3. Residency status of all applicants.
4. Current living arrangements.
5. How many individuals will reside in the unit.

Income

1. Last three month’s payslips. Please note, if paid weekly you will need the last 12 payslips, if biweekly the last 6 payslips, if monthly the last 3 payslips.
2. Employer Reference Letter from your current Employer dated within the last 6 weeks confirming your address, your current salary, start date and employment status (full-time, part-time, permanent, fixed term contract or other).
3. Employment Detailed Summary, if possible (available on Revenue Online Service). End of Year Statement and Statement of Liability.
4. If self-employed– a minimum of 1 year’s most recent accounts, along with an up-to-date tax balancing statement and preliminary tax receipt. Together with evidence of gross income from the last three months (statements, invoices etc) and proof of payment.
5. Social Welfare Income – documentary evidence of all social insurance and social assistance payments, allowances and pensions being received by members of the household. As income of household members over 18 is also included in the assessment for qualification, evidence of payments to these household members is also needed.
6. If unemployed, proof of unemployment is required by providing work history record which is available on Revenue.ie.

Bank Statement

1. Please ensure that you provide the most recent three months bank statements from all adult applicants. Please highlight on the bank statement where the last three-month rental payments have been made and wages regardless of employment status.

Proof of ID and PPS Number

The following must be provided as Proof of ID for all applicants on the application.

1. Current Valid Signed Passport or Current Valid EU/EEA Driving Licence– must contain photograph.
2. Please provide a photo of each household member holding their ID card, ensuring that the ID photo is clearly visible.

PPS Number

1. PPS Number, for each applicant. - verified PPS number (e.g. Employment Detail Summary for previous tax year, Revenue statement, social security card or similar)

Proof of Residency & Tax Domicile in Ireland

Please ensure that you have provided proof of residency in the Republic of Ireland. For all applicants over the age 18, the following documentation must be provided.

1. Revenue statements demonstrating tax domicile, Employment Detailed Summary, statement of payments/benefits from the Department of Social Protection must be provided.
2. Citizens of countries which require a visa are required to provide evidence they hold visa stamps 4, 5 or 6.
3. Applicants with a visa stamp 1 will be required to provide evidence of an employment permit and employer reference.

Please note, applicants on Tourist or Study visas do not qualify.

Proof of Address

The following documents dated within last 2 months for each applicant can be used as proof of address.

· Utility Bill e.g. telephone, mobile, gas, electricity, heating, oil.

OR

· Correspondence from a Regulated Financial Institution operating in the Republic of Ireland e.g. Insurance / Assurance Co., Bank, Building Society, Credit Union, Credit Card Company)/Correspondence from a Government Department / Body.

Landlord Reference

· Your landlord reference should contain a contact phone number and email of the Landlord. It should be dated within the previous 6 weeks. It should also state the duration of the tenancy (start and end date) and the current rent paid. Copy of Lease Agreement should be provided, if you are renting.

· No Landlord Reference Available - If some or all the applicants have never rented previously and/or have paid a nominal amount to a family member as rent, please provide a letter confirming same and highlight any applicable amounts on bank statements.

Please have these documents ready when you register your interest. If your application is successful, you will have 72 hours to upload your documents and complete the application process. If you do not meet this deadline the offer will be revoked.

Additional information may be requested during the assessment process to support your application.

Please include a letter clearly outlining how you have reached your Household ‘Net Income’ calculation with supporting documentation. Income for all members of the household over 18 should be included.

Proof of income documents required:

• If employed: Employment Details Summary (formerly P60) for the most recently completed tax year.
• Last three months’ payslips.
• Statement of Liability (p21).
• If self-employed– a minimum of 1 year’s accounts, along with an up-to-date tax balancing statement and preliminary tax receipt.
• Social Welfare Income – documentary evidence of all social insurance and social assistance payments, allowances and pensions being received by members of the household. As income of household members over 18 is also included in the assessment for qualification, evidence of payments to these household members is also needed.

All cost rental rents are set at a level below the market rents in the area where the scheme is located.

Below are the monthly rents of each property being offered under the Cost Rental Scheme at Cookstown Gateway.

• Studio apartment €1,000 per calendar month
• One-bed apartment €1,225 per calendar month
• Two-bed apartment - max occupancy 3 €1,425 per calendar month
• Two-bed apartment - max occupancy 4 €1,500 per calendar month

The deposits for each unit type will be one month's rent less 50 euros so they are:

• Deposit studio apartment €950
• Deposit one-bed apartment €1,175
• Deposit two-bed apartment - max occupancy 3 €1,375
• Deposit two-bed apartment - max occupancy 4 €1,450

The apartments are unfurnished to allow residents to furnish them according to their own taste and to provide below market rents. However, the following items are included;

• White goods (fridge-freezer, dishwasher, oven & hob, microwave, washer-dryer).
• Roller blinds, with blackout blinds in bedrooms.
• Flooring – laminate flooring throughout, except bathrooms, which are tiled.
• All utilities (electricity, internet, telephone, etc.) will need to be set up by the resident.

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

These properties are a long-term rental option that offer security of tenure.

No. These properties will not be available to purchase.

Applications are assessed at point of entry. If for example, after you’ve been allocated a property your household income increased above €66,000 per annum for Dublin and €59,000 for elsewhere in the country you would still be entitled to continue renting the property.

Affordability is based on the rent being no more than 35% of your Net Income. This is one of the core eligibility criteria for the scheme and will be used to initially stream applicants into the 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.

If we have insufficient expressions of interest from applicants who meet the affordability criteria we may open a lottery for applicants in excess of this figure. However they will be asked to provide details of their rent history for the previous two years (that they have paid a similar or higher rent) and to demonstrate they have not defaulted on rent in order to assess their ability to pay a higher percentage of Net Income as rent.

Yes, unsuccessful applicants will be informed within 20 days of the application closing date.

No, we will not be maintaining a waiting list for cost rental housing across multiple schemes. You will be able to apply again when further schemes are advertised.

Pets are not permitted in Cookstown Gateway.

Yes, there will. Keep an eye on our website for further details.

Limited car parking is available at an additional charge per month. *Subject to availability*

Yes, applicants can apply for multiple schemes. However, if your application is successful for more than one scheme, you can only accept one offer.

Yes, you can apply for another scheme with open applications. If your application is successful, you must give notice. Please note that LDA tenants cannot hold more than one lease at a time.

Should you be approved for a cost rental property, the letting agent will notify you of the move-in date, which is typically no more than 6 weeks following approval.