Construction starts on new cost rental homes in Kiltiernan

Today, Councillor Mary Hanafin, Cathaoirleach and Frank Curran Chief Executive, Dún Laoghaire-Rathdown County Council welcomed Darragh O’Brien, Minister for Housing, Local Government & Heritage to Kiltiernan for an official visit to the Bishop’s Gate development site, where 72 cost rental homes are under construction. In addition to the cost rental homes, Tuath will also deliver a further 22 social homes on the same site and these will be allocated to people from the Dún Laoghaire–Rathdown County Council housing waiting list upon completion.

Councillor Mary Hanafin, Cathaoirleach of Dún Laoghaire-Rathdown County Council, said:
 

I welcome the delivery of these homes which are close to amenities, public transport routes, local commercial centres and the nearby Fernhill Park and Gardens. This is another vital step in providing accommodation at affordable prices to citizens of the County.

The new cost rental homes are being delivered by Tuath Housing, in partnership with DLR and will consist of 63 x two-bed apartments and 9 x three-bed apartments upon completion. The new homes are being funded under the Department’s Cost Rental Equity Loan (CREL) scheme, which necessitates that cost rents must be a minimum of 25% below open market values.

Frank Curran, Chief Executive of Dún Laoghaire-Rathdown County Council, said:

This collaboration with Tuath Housing and the Department of Housing, Local Government and Heritage will provide much needed homes at affordable prices and long-term security of tenure for the people of Dún Laoghaire Rathdown. We look forward to the completion of the first units in 2024.
 

The average rental for a two-bed home in the Kiltiernan area is €2,400 per month and €3,200 per month for a three-bed. The new cost rental homes being delivered at Bishop’s Gate will not only provide more homes in the area , the rents will be set at €1,425 for a two-bed and €1,550 for 3-bed home, representing a 45% decrease in local market rates.