Dáil Éireann Debate, Wednesday - 14 December 2022
114. Deputy Thomas Gould asked the Minister for Housing, Local Government and Heritage if his attention has been drawn to the fact that the maximum price has still not been issued for a development (details supplied) in Cork despite the scheme being advertised in September 2022. [62648/22]
Amharc ar fhreagra115. Deputy Thomas Gould asked the Minister for Housing, Local Government and Heritage the maximum sale price of an affordable home in a development (details supplied) in Cork city. [62649/22]
Amharc ar fhreagraI propose to take Questions Nos. 114 and 115 together.
A key objective for the Government under Housing For All, is ensuring that homes are being made available to purchasers at a minimum of 15% below current market values, and for Cost Rental properties at a targeted 25% below market rental values for the area.
This, along with the affordable delivery and cost rental pipeline, local housing and property information and current construction costs have been key discussion items between my Department officials and local authorities and all are working to deliver housing at the lowest possible affordable purchase prices and cost rents feasible.
I introduced the Affordable Housing Fund last year to directly assist local authorities to bring forward affordable homes. In terms of the affordable housing supports my Department has made available, I am happy to advise that Cork City Council has confirmed it is delivering 36 homes in Cluain Chaoin, Tower under an affordable purchase scheme. The 36 affordable purchase homes are being supported by €1.8 million in funding from the Affordable Housing Fund and, following an application process, applicants are currently being assessed for the homes.
The affordable purchase price of these homes will be linked to the applicants' income and mortgage capacity, and their individual purchasing power above the minimum purchase price. The minimum purchase prices will be €241,000 for a two-bedroom homes, €280,000 for a three-bedroom homes and €345,000 for the four-bedroom homes.
A link to the scheme details and eligibility follows: cluainchaoin.ie/wp-content/uploads/2022/09/Application-Process-and-Support-Documents.pdf.
