u/aapkaBaap96

How is it like living in Cost Rental Schemes?

My family (myself, wife, and two young children) are hoping to apply for an upcoming Cost Rental scheme and I had a few questions for people who currently live in Cost Rental developments, or who are familiar with them.

  • What's the general experience been like?
  • Have you encountered much antisocial behaviour in Cost Rental developments?
  • As someone who wasn't born in Ireland, should I expect any issues with neighbours or local residents, or has that generally not been a problem?
  • Is there any stigma attached to living in a Cost Rental scheme, or are they viewed just like any other housing development?
  • How do the communities compare to typical private rental estates?
  • How well are Cost Rental developments maintained over time?
  • Can I apply for a second cost rental while living in one? (for example, a cost rental comes up closer to my workplace)

For context, we're currently paying around €1,800 per month for a 2-bedroom house near Cork city centre. If successful, the Cost Rental scheme would save us roughly €500 per month, which would make a significant difference for our family.

I'd appreciate hearing about both positive and negative experiences.

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u/aapkaBaap96 — 12 days ago

Are company shares considered in assessing income for Cost Rental?

Basically, the title. My salary itself falls under the Cost Rental threshold, but when I factor in the shares (hiring bonus shares and annual shares) awarded by my company, I go past the threshold set by the Council. When I extract the 'Employment Detail Summary' from Revenue, I blow the threshold, but only because of the hiring bonus shares (which will die down after 2 years).

Should I apply regardless? Should I clarify this in a separate declaration?

Pls help.

reddit.com
u/aapkaBaap96 — 1 month ago