Affordable Housing Scheme

The affordable purchase price will be calculated by Fingal County Council based on the “purchasing power” of eligible applicants. This calculation takes into account applicants maximum mortgage capacity and the minimum price set for the home by the Council.

The purchasing power of applicants will be calculated as the combined total of:

• Maximum mortgage capacity, i.e., 4 times gross household income, plus,
• A minimum deposit of 10% of the affordable purchase price, plus, 
• Relevant savings**.  

**If you have savings above a certain amount, you may not qualify for the scheme. You can have the money to cover the deposit on the home and an additional €30,000. Anything above this is added to your purchasing power. And, if this purchasing power goes above the maximum price set for each home, you are not eligible for the scheme.

Affordable Purchase Price Example – Property with a Market Value of €390,000 

The below examples show varying incomes and how they determine the affordable purchase price and the Council’s equity share of a property with a market value of €390,000.

You can see the higher an applicant’s purchasing power is, the more they will contribute to the price and the less equity the Council will take.

In order to be eligible to apply for Affordable Housing, applicants must satisfy the below criteria:

• Be a first-time buyer or meet the exceptions under the Fresh Start Principle, or own a dwelling which, because of its size, is not suited to the current accommodation needs of the applicant’s household.
• Each person included in the application must have the right to reside indefinitely in the State.  
• The affordable home must be the household’s normal place of residence.
• The gross household income must be below a certain amount.  This income limit will be different for each scheme.

As well as the above eligibility criteria, a Scheme of Priority was approved by the Elected Members of Fingal County Council on 13th June 2022.

The purpose of the Scheme of Priority is that it outlines the rules Fingal County Council uses to decide which applicants will be offered dwellings. The Scheme of Priority will apply in the event where there are more eligible applicants than affordable homes available.

Fingal County Council’s Scheme of Priority can be viewed here.

While it is not a requirement, it is recommended that applicants have their Mortgage Approval in Principle prior to applying for Affordable Housing, or at least be in a position to apply for a mortgage.

A minimum deposit of 10% of the purchase price of the property will also be required so applicants should ensure they have sufficient savings before applying. First time buyer applicants can avail of the Help to Buy Scheme. This is operated by the Revenue Commissioners. For more information please see; https://www.revenue.ie/en/property/help-to-buy-incentive/index.aspx.

There will be an individual application for each Affordable Housing scheme, there is no general application form or waiting list.

When affordable homes are made available for purchase, they will be advertised in the following places;

1. Fingal County Council’s website
2. Fingal County Council’s Social Media pages
3. In a local/national newspaper

The advertisement will include details about the scheme including how and when to apply.  

Applications will be accepted through an online application portal. On the day the application portal opens, you will first need to register on the portal and then you can proceed to complete the online application form and submit the requested documentation.

Please be aware that applications will be prioritised on a first come first served basis.

A link to the application portal along (see above) also with a list of the required documentation will be available on Fingal County Council’s website. A video guide of how to complete an application is available here.

Documentation Required for Affordable Housing

Your application will be assessed, and it will be determined whether you qualify for an affordable dwelling or not.  When all applications have been assessed and eligibility has been determined, Fingal County Council will contact all applicants to advise if they have been successful and if they will be receiving an offer or not, depending on the number of properties available.

Further details on the Affordable Housing Scheme can be found in the documents below:

 

• Affordable Purchase Scheme – Glossary of Terms 
• Affordable Housing Act 2021 
• Affordable Housing Regulations 2023
• Affordable Housing (No. 2) Regulations 2023
• Fresh Start Principle Guidance 
• Affordable Purchase Income Assessment Policy 
• Fingal County Council Scheme of Priority