Homes rented at 60 per cent of their market value

APPLICATIONS are being accepted for cost rental homes in Citywest – which are being rented for less than 60 per cent of their market value – until midnight this Monday, March 20.

Called Parklands, the residential scheme is being presented by the Land Development Agency and consists of 95 houses comprising three- and four-bed houses, ranging from two to three storeys.

Rents start at €1,350 a month for a three-bed, two-storey terraced house, while the monthly rent for a four-bed, two-storey terraced house is €1,450.

Renters in a four-bed, three-storey terraced house will pay €1,460, significantly below market rates for similar properties in the area.

Applications are currently being accepted for 22 of the 95 houses, with all of the houses being released over the course of the next 16 months.

There are strict criteria that people who are considering applying for the houses in Parklands must meet, including having a combined net household income below €53,000.

The cost of renting a house in the property must not be more than 35 per cent of the household’s income.

The potential tenants must not be in receipt of any social housing supports, including HAP or rental assistance, and they must not own a property.

The household size must match the size of the property that’s being applied for, and all members of the household must be in Ireland at the time of application.

Applications can only be made online on an application portal HERE.

For full access to all content on Echo.ie and to support the continuation of local news and local journalism in your community subscribe HERE. Thanks for your ongoing support.