Minister Darragh O’Brien, Minister for Housing, Local Government & Heritage, commented:
Cost Rental is key to addressing the affordability and security of tenure challenges faced by renters. As we scale it up, it will help make Ireland’s housing market more affordable overall. Approved Housing Bodies like Tuath are working hard, with local authorities such as Dún Laoghaire-Rathdown, and with the support of my Department through Housing for All, to achieve a healthy pipeline so that we can deliver cost rental at scale.
Prof. Paddy Gray, Chair of Tuath’s Voluntary Board of Directors, said:
We are delighted to be involved in the delivery of cost rental housing, and we will continue to support the Government and local authorities nationwide in the delivery of homes under this model. Cost rental homes offer security of tenure, long-term rent certainty and more choice to those struggling to find suitable rental accommodation on the private market.
The wider Bishop’s Gate development will comprise of 203 homes in total and will contain a mix of private owned, private rental, social and cost rental housing.