Cost rental: Bridging the gap between social housing and the market

Despite slow start, cost rental has potential to lower rents and create more mixed estates

Clúid launched the State’s first cost rental homes in Taylor Hill, Balbriggan, Co. Dublin. Photograph: Nick Bradshaw

Clúid launched the State’s first cost rental homes in Taylor Hill, Balbriggan, Co. Dublin. Photograph: Nick Bradshaw

By the end of this decade, low- and middle-income workers who have struggled to afford rents demanded in the private rental sector, will have 18,000 “cost-rental” homes available to them, according to the Government’s Housing for All plan.

Cost-rental refers to a system where rents are based on the cost of building, managing and maintaining the homes, and not market rates. It also offers security of tenure with leases of several years duration available to qualifying tenants.

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