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The reality of Ireland’s cost rental housing scheme — what it is, who it is supposed to help, and why so many families are missing out

If you’ve been following Ireland’s housing story, you’ll have heard about the cost rental scheme. It’s meant to be a bright new hope — affordable rental homes, where rent is set at a level covering only the cost of building, maintaining, and managing the property. Sounds like a dream, right? A genuine alternative to skyrocketing rents and the endless chase for a deposit.

But the reality? It’s a bit more complicated. And for many families, it feels like yet another door closing.

What exactly is cost rental housing?

Cost rental is a new model introduced by the government to tackle the housing crisis. Unlike the private rental market, where landlords set the rent based on demand, cost rental properties are managed by approved housing bodies or local authorities. Rent is calculated to cover just the costs — no profit margin.

The idea is simple: keep rents affordable and stable, so families can live without the constant fear of rent hikes or eviction.

Who is cost rental really for?

In theory, cost rental is designed to help:

• People who earn too much for social housing but struggle to afford private rents
• Families caught in the middle — not poor enough for housing supports, but not wealthy enough to buy a home
• Workers and households on moderate incomes who want security and affordability

Sounds ideal, doesn’t it? But here’s the catch.

Strict eligibility criteria are locking many out

Despite the good intentions, the eligibility rules for cost rental are strict — sometimes too strict. To qualify, your household income must fall within defined limits, which vary depending on family size and location. And while that’s fair on paper, it means:

• Many ordinary families earning decent wages find themselves excluded
• Self-employed or irregular earners struggle to prove consistent income
• Applicants with savings or assets above a certain threshold are often disqualified
• Some households just miss the cut-off by a few euros, and that’s it

For families working hard but living paycheck to paycheck, these rules feel like an uphill climb.

The gap between ambition and delivery on the ground

The government has promised thousands of cost rental homes. Yet, progress on the ground is slow. A few key issues are holding things back:

• Supply is limited — the number of completed cost rental homes is tiny compared to demand
• Long waiting lists mean families wait years for a chance
• Local authorities and approved housing bodies are still building capacity to manage these schemes effectively
• Some projects face delays due to planning, funding, or construction challenges

The result? Cost rental feels like an idea still finding its feet, not a solution families can bank on today.

What should families who don’t qualify do instead?

If you’ve checked the boxes and still don’t qualify, don’t lose hope. There are other ways to find your place in Ireland’s tricky housing market.

• Keep an eye on private rentals: Despite challenges, there are properties available. Use trusted platforms like FindQo.ie’s rental listings to spot good deals early.
• Consider shared ownership or affordable purchase schemes: These can be a stepping stone onto the property ladder without the full deposit.
• Explore local authority housing supports: While social housing has its own criteria, checking with your local council can open up options.
• Plan and save with a clear goal: Even small steps toward a deposit or better credit can make a big difference in the long run.

Remember, the housing market is complex, but you don’t have to navigate it alone. Reliable information and timely updates can help you stay ahead.

Finding your next home with FindQo.ie

Whether you’re renting or buying, FindQo.ie is here to make the search easier. We know how tough housing is right now, and we’re committed to bringing you the most up-to-date listings and advice.

Check out our wide range of properties for rent or browse homes for sale. There’s a community behind this portal, and we’re rooting for your success.

Frequently Asked Questions

Who can apply for cost rental housing?

Cost rental is aimed at people who don’t qualify for social housing but find private rents unaffordable. Income limits apply, varying by household size and location.

Why are so many families excluded from the scheme?

Strict income, savings, and asset limits mean many working families just miss the eligibility cut-offs, even if they struggle with rent.

How long do I have to wait for a cost rental home?

Waiting times can be lengthy due to limited supply and high demand. It’s not a quick fix for most families.

Are cost rental rents cheaper than private rents?

Generally, yes. Cost rental rents aim to cover only the costs of building and management, so are typically lower and more stable than private market rents.

What other housing options are there if I don’t qualify?

Consider private rentals, shared ownership schemes, local authority supports, or saving toward a deposit for purchase. Platforms like FindQo.ie can help you explore these options.

Ready to find your next home?

Housing in Ireland is tough — no sugarcoating that. But you don’t have to go it alone. At FindQo.ie, we’re all about honest advice, real listings, and helping you find the place that feels like home.

Start your search today at FindQo.ie. Because every family deserves a roof overhead that doesn’t break the bank.