Ten Kilkenny homes available under Affordable Purchase Scheme - deadline for applications is May 22

Applications are open for the purchase of 10 homes under the Affordable Purchase Scheme in Kilkenny City, as a result of a collaboraion between Kilkenny County Council in partnership with Glenveagh Homes Ltd and the Department of Housing, Local Government and Heritage.

Located at Cluain Glasan on the Granges Road, the homes on offer under the scheme will be a mix of A rated three-bedroom houses. Standard full market prices for the 10 homes start at €330,000 for a mid-terrace house, €345,000 for an end terrace house and €365,000 for a semi-detached house. Successful applicants will be able to avail of equity contributions of up to €75,000, depending on the price of the property and the applicant’s own financial circumstances.

Cathaoirleach of Kilkenny County Council Michael Doyle welcomed this announcement.

“Affordable housing is the cornerstone of a thriving community that can help empower individuals and families, and help to ensure that everyone has the opportunity to build a brighter future," he said.

Mary Mulholland, Kilkenny County Council Director of Services for Housing said: “I am delighted that Cluain Glasan will be able to help 10 new homeowners gain access to the market with affordable, sustainable and secure homes in a highly desirable location.  I believe that every resident deserves a safe and comfortable home they can call their own.  By nurturing the spirit of affordability in developments like Cluain Glasan, we can help pave the way for inclusivity, stability, and importantly, give people a roof over their head.”

Making these homes for sale at discounted prices have been made possible with the help of Government funding through the Affordable Housing Fund which is a subsidy provided by the Department of Housing, Local Government and Heritage to Local Authorities as a direct subvention on housing development costs.  The scheme is primarily aimed at providing first time buyers with accessible options for purchasing. 

Through the Local Authority Affordable Purchase Scheme, successful applicants will be able to purchase their new homes at a price lower than its market value.  In return, Kilkenny County Council will retain a percentage equity share in the home equal to the difference between the open market value of the home and the price paid by the buyer. Successful applicants have the option of buying out this share over time.  Equity shares are calculated on an individual basis and are linked to an applicant’s income, their savings and their mortgage capacity.

For those seeking to purchase one of the homes, the application process will only be via an online application portal. Applications may be made up until noon on Wednesday, May 22, 2024 when the portal closes.    

It is strongly recommended that applicants have Mortgage Approval in Principle prior to applying for this scheme, as applicants will be required to demonstrate their capacity to purchase. 

Dwellings will be made available to eligible applicants in accordance with Kilkenny County Council’s Scheme of Priority.  Date and time of valid application will be one of the criteria on which eligible applications will be prioritised. Applications which are incomplete or those not accompanied by the requested supporting documentation will be deemed invalid.

Further information on this scheme, including link to the application portal, eligibility criteria, the Scheme of Priority, guide to making an application and the documentation required to accompany the application is available at  https://kilkennycoco.ie/cluain-glasan

Any queries can be directed to affordablehousing@kilkennycoco.ie