Darragh O'Brien (Dublin Fingal, Fianna Fail) | Oireachtas source

The first cost-rental tenants are actually in place. I met many of those residents. They have long-term, secure tenures with below-market rent. The rent is calculated on the basis of covering the cost of the delivery and management of the development. We have set an income cap of €53,000 net for that scheme. I am looking at changes to the cost-rental scheme and we are working through that. Every single cost-rental development we have advertised has been oversubscribed by ten or 12 times.

It is a very popular form of tenure and it is working. We are not just talking about it and we actually have tenants in place in those areas.

In regard to affordable purchase, there were issues in regard to conveyancing and legal issues in particular with the first local authority affordable purchase homes being sold but they have all been rectified. That was something we discussed here before. On the specific scheme that the Deputy references in Fingal, my own area, there were some issues with utility connections through the ESB to be very frank. The developer, the local authority and the ESB worked very well to rectify those and residents were issued with an update on that two weeks ago. The homes are complete and the first residents are moving in.

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