Leeann | April 19, 2022
The first purpose-built cost-rental homes in Ireland at the Woodside Development on the Enniskerry Road, were officially launched yesterday. The development, completed by Duggan Brothers (Contractors) Ltd as a collaboration between Respond & Tuath Approved Housing Bodies comprises 50 cost-rental homes which are part of an overall development of 155 social and affordable homes, a community facility, and green spaces.
The homes are a mix of one-, two- and three-bedroom properties, while all 50 cost-rental homes in the complex are two-bedroom apartments. Previous cost-rental housing developments were as a result of acquisitions by Approved Housing Bodies. The Woodside development was commissioned for the purpose of providing cost-rental and social housing.
The cost-rental model means that the price of rent is equal to the delivery cost of the scheme alone. Tenants are charged an amount that covers the cost of delivering, managing, and maintaining a home only. This means prices are not driven by market movements, making it more affordable.
Housing Minister Darragh O’Brien said the rent of €1,200 per month is about 40% below the average rent in the area. He said it is not just the lower rent that tenants are availing of, but also the secure tenancy. The government has promised 2,000 cost rental homes a year until 2030.
And Barry Andrews MEP who attended the launch said the Woodside scheme had been commended by the European Parliament’s Social and Employment Committee as an example of an innovative way to address to the housing crisis.
We are pleased to have been involved in the delivery of this significant development which will provide much-needed social and affordable housing for Dublin.