Council offering six homes for sale in County Roscommon

Roscommon County Council has recently opened its Affordable Purchase Scheme with six A-rated family homes for sale at Woodberry Manor, Monksland.

The six 3-bedroom A-rated house are being offered for sale by the council under Affordable Dwelling Purchase Arrangements, in accordance with the Affordable Housing Act 2021 and associated Regulations.

The Affordable Purchase Scheme is designed to bridge the affordability gap by offering homes at an affordable price, with the council retaining an equity interest to support delivery.

Under the Affordable Dwelling Purchase Arrangement, Roscommon County Council will take an equity share in each dwelling, equal to the difference between the market value of the home and the price paid by the purchaser (expressed as a percentage of the market value). 

The council will not seek realisation of its equity for a 40-year period (other than in the event of breach of the agreement). Purchasers may choose to redeem (buy out) the council’s equity at any time, through one payment or a series of payments.

The homes will generally be available to first-time buyers who do not currently own a home, noting that a limited number of exceptions may apply in line with national regulations. Eligible applicants will be prioritised in accordance with Roscommon County Council’s Scheme of Priority.

Full details on the scheme, including eligibility, the Scheme of Priority, application forms and the application process, are available via the council’s affordable housing webpages (see advert alongside).

Director of services (housing, community, culture and integration) with Roscommon County Council Chris Flynn said that this was “a really positive milestone for the county, and I want to acknowledge the work of the housing team who have worked closely with the developer and the Department to get this scheme up and running. We’re very proud that this is the first Affordable Purchase Scheme in Roscommon that we now have live and ready to proceed.

“The Affordable Purchase Scheme is a practical way of helping eligible households bridge the affordability gap and purchase a new, high-quality, A-rated, energy-efficient family home locally, while supporting continued delivery over the longer term. The team is very happy to support eligible applicants through the process, and I would encourage anyone who thinks they may qualify to review the details on our website and submit an application. We will continue to progress further affordable housing opportunities across the county as additional schemes come on stream.”

The council says that it will continue to progress further affordable housing opportunities. Future schemes will be advertised through Roscommon County Council’s media channels as they come on stream. Queries to affordablehomes@roscommoncoco.ie