The Land Development Agency (LDA) has announced the launch of 184 cost rental apartments in Cookstown in Tallaght, Co Dublin. An online application portal for the new homes is due to open tomorrow, June 20th at 12 noon and will remain open for a week. The high-quality development has been delivered through the LDA’s Project Tosaigh initiative and will provide eligible households with the opportunity to secure a new A-rated home at rents that are on average least 25% lower than comparable market rates as enabled by the Government’s STAR scheme.
The available homes are located at Cookstown Gateway and include a mix of studios, 1 and 2 -bed apartments.The development overlooks Cookstown Luas Stop on the Red Luas Line and is within walking distance of Tallaght University Hospital and The Square Shopping Centre. A new grocery retailer is due to open in the complex shortly, which is also close to a host of local amenities, shops and services.The location is well-served by Dublin Bus from Dublin city centre. It’s close to the M50 and near to a number of employment hubs including Citywest Business Campus and Grange Castle Business Park.
The rents are set at €1,000 for a studio apartment and €1,225 for a 1-bed. Rents for a 2-bed apartment start at €1,425.
The homes at Cookstown Gateway were delivered in partnership with Stranwill Ltd. Would-be applicants are advised to familiarise themselves with the eligibility criteria and to prepare the documentation they will need if selected through the lottery application process.
Project Tosaigh is a Government initiative being delivered by the LDA in which the Agency steps in to facilitate the completion of housing projects and then makes the new homes available to renters on a cost rental basis or to purchasers at an affordable price.
Created under the Affordable Housing Act 2021, cost rental offers a long-term secure rental option at below comparable market rates for would-be tenants who do not qualify for social housing but who cannot access the private market without support. Applicants for cost rental homes must have a net household income of below €66,000 in Dublin and €59,000 outside Dublin. The Cookstown Gateway announcement follows the recent launch of over 600 cost rental Project Tosaigh apartments at four separate developments in Dublin and Leixlip in Kildare.
In total, more than 900 cost rental homes have been delivered by the LDA in the past year, with almost 500 tenants now living in LDA homes across Dublin, Wicklow and Kildare. The average rent of an LDA cost rental home in Dublin now stands at €1,409 per month compared to the €2,098 in the private rental sector.*
John Coleman, Chief Executive Officer of the LDA said:
“The LDA is delighted to bring much needed cost rental homes onto the market in Dublin. These are high quality, A-rated apartments in a great location at below market rents with security of tenure. It’s a really excellent opportunity for people looking to live in a well-connected and established community.
“I would strongly urge potential applicants to familiarise themselves with the application process and the qualifying criteria to give themselves the best chance of securing one of these great homes.”
The LDA is the State’s affordable housing delivery body. It is in the process of delivering more than 10,000 homes on State-owned or acquired land and over 8,000 through the Government’s Project Tosaigh initiative.
The Agency has existing planning permission for around 6,000 affordable homes on State-owned lands with many projects already under construction and others at advanced planning stage.
In addition to the direct delivery of homes on state-owned or other acquired land, the LDA is overseeing Project Tosaigh, an initiative whereby the agency steps in to facilitate the completion of stalled or unviable housing projects and then makes the homes available to renters or to buyers as either cost rental of affordable purchase.
Under Project Tosaigh, the LDA is planning to deliver at least 8,000 homes by 2028 with a significant number of these already delivered. The LDA recently produced the Report on Relevant Public Land, which advised the government of the potential to deliver 67,000 homes on 83 underutilised State-owned sites. The LDA is also advancing plans to purchase private sites with planning permission in the country’s five major cities and recently announced the purchase of a major site in Clongriffin in Dublin, which has the potential for 2,000 homes.
Cost Rental is a relatively new housing tenure 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 homes is based on the cost of building, managing, and maintaining the homes.
The average rent of LDA cost rental homes is significantly lower than the private rental sector - €1,409 per month, compared to €2,098 in Co. Dublin.
In the last year, the LDA has delivered over 1,000 cost rental homes, and by the end of 2024 is on course to have launched almost 1,500 cost rental homes.
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.
- You can afford to pay the cost rent for the home.
- Your household has only entered one application for a specific cost rental property.
More information on LDA cost rental homes is available at https://lda.ie/affordable-homes/lda-cost-rental
Project Tosaigh is a Government initiative, whereby the LDA steps in to facilitate the completion of housing projects and then makes the new homes available to renters on a cost rental basis or to purchasers at an affordable price.
The LDA has already launched a number of Project Tosaigh schemes. They include the release of 142 cost rental homes in Archers Wood in Delgany in Wicklow and the phased release of 95 homes in Parklands on Fortunestown Lane in Citywest in Dublin.
In January 2024, the LDA announced the release of over 600 cost rental homes in four locations including 247 at Barnwell Point Apartments in Hansfield in Dublin 15, 236 at The Quarter in Citywest, 86 in Dun Óir in Kilternan in Dublin and 52 in Harpur Lane in Leixlip, Co Kildare.
The Agency has also launched a number of affordable purchase Project Tosaigh developments. These include the phased launch of 92 homes in Clonmore in Mallow in Cork, 95 in Summerfields in Kilbarry in Waterford, 57 in Wilkinsons Brook in Hollystown, Dublin 15 and 50 in Baker Hall in Navan.
The LDA’s direct delivery projects include the construction of 265 homes at St Kevin’s Hospital in Cork, a former HSE site, and the development of 597 homes in Shanganagh in Dublin in partnership with Dun Laoghaire Rathdown County Council.
It also includes 817 homes at a site at Castlelands in Balbriggan in Dublin, 345 in Hacketstown in Skerries in Dublin, 219 at Devoy Barracks in Naas, Co. Kildare, 852 on the former Central Mental Hospital site in Dundrum, Dublin 14 and 543 at St Teresa’s Gardens in Dublin’s south inner city in partnership with Dublin City Council.
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