Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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395. To ask the Minister for Housing, Planning, and Local Government to provide the details of the prices being set for affordable purchase and cost rental in Shanganagh; and if he will make a statement on the matter. [29129/24]

Darragh O'Brien (Dublin Fingal, Fianna Fail)
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The social and affordable housing development at Shanganagh is being delivered by Dun Laoghaire-Rathdown County Council in collaboration with the Land Development Agency and includes 306 cost rental and 91 affordable purchase homes.

I understand that the cost rental apartments will be let and managed by the Land Development Agency (LDA). The designation of cost rental homes requires that the initial rent is set at a rate that is at least 25% below the market rent for comparable homes in the same location.

In addition, funding of €9.1m is approved under the Affordable Housing Fund to assist with the development costs of 91 homes for affordable purchase. It is a condition of this funding that the homes will be offered to eligible households at a discounted upfront affordable price that will be at least 15% below the market value of the homes.

In line with the Affordable Housing Act 2021, the administration of affordable housing schemes is a matter for the delivery partners, Dun Laoghaire-Rathdown County Council in collaboration with the LDA, who I expect will announce the cost rents and discounted affordable prices at which the homes will be made available to eligible persons when they are in a position to advertise the properties in line with standard arrangements.