‘We now have the house costs us half the cost of rent’ – families get keys to new homes at an affordable price

  • ‘We now have the house costs us half the cost of rent’ – families get keys to new homes at an affordable price
    Independent.t. E.
    Eleven families received keys to new homes at an affordable price, with one couple told how their mortgage currently, almost half of their old rent payments.
    https://www.independent.ie/business/personal-finance/weve-now-got-a-house-costing-us-half-the-price-of-rent-families-get-keys-to-new-affordable-homes-37180381.html
    https://www.independent.ie/incoming/article37180285.ece/af1d5/AUTOCROP/h342/ballymun%20INT_ED5_S01%20Read-Only.jpg

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Eleven families received keys to new homes at an affordable price, with one couple told how their mortgage currently, almost half of their old rent payments.

Parents Alison Griffin (28) and Kieran Roche (25) almost gave up on giving their family property in Dublin, until they stumbled upon a Facebook post advertising the affordable housing in Ballymun two years ago.

Yesterday, the pregnant Ms. Griffin, her partner Kieran and their two daughters, Sophie (4) and Hannah (3), was handed the keys to their new €177,000 for triple house, which they will have to pay €600 a month for a mortgage – part of their previous €1,050 rent.

“We’re almost desperate to have our own house,” Ms. Griffin said.

“Roundwood prices in Dublin are far too high and we just didn’t have a chance. But we saw an advertisement on Facebook and thought ‘why not’. And here we are today and it is amazing. The mortgage is nearly half our rent, and we will have our own house.

“We spent about €50,000 in rent for many years, and we couldn’t even afford to pay a Deposit while we were in the late 30-ies, but now we are moving into our own home and our girls will have a bedroom, they will have the garden to play and we will all be a part of it.”

Yesterday, the families moved in 11 of the 28 houses, now occupied by Cualann Cohousing – Alliance College affordable housing scheme in Baile-na Laochra, Ballymun.

The development is an Affordable housing scheme with the aim of providing a complex of houses in mixed income communities, with the support of local authorities.

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