Cork County Council seeks €80m for 'cost rental homes' 

Scheme targeted at low- and middle-income earners who earn too much to qualify for social housing but do not have the means to purchase their own home

The cost rental scheme is an initiative by the Government to support the housing rental sector.

Cork County Council has announced that it is to seek an €80.5m loan from the Housing Finance Agency to build 528 ‘cost rental homes’ with construction to start late this year and be completed by of the end of 2026.

The cost rental scheme is an initiative by the Government to support the housing rental sector and the council will offer rents to tenants at far less than the going market rate in the private sector.