Buyers with incomes over €106,000 will qualify for State-subsidised homes at Oscar Traynor Road
Buyers of some of Dublin city’s first “affordable” homes will have to pay up to €475,000 for a three-bed house, almost €170,000 more than when city councillors approved the scheme in late 2021.
Under the deal, developer Glenveagh would build 853 homes on the site=40 per cent for social housing, 40 per cent for cost rental homes, and 20 per cent designed to be sold to low- and middle-income workers qualifying for the new affordable purchase scheme.
Unlike the State’s cost rental scheme, there are no set upper income limits for affordable purchase, with income eligibility related to the market price of the individual house. Buyers can have an income of 85 per cent of a quarter of the cost of any of these houses. This means a prospective purchaser with a gross income of €106,875 would be eligible for the scheme.
Sinn-Fein Eoin-O-Broin Housing-Crisis
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