Monksland homes available under Affordable Purchase Scheme

Six A-rated family homes are being made available in the Woodberry Manor housing scheme in Monksland under Roscommon County Council's Affordable Purchase Scheme.

Under the terms of 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 three-bedroom homes in Monksland which are being offered under the council scheme 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

The Council is committed to supporting individuals and families on lower to middle incomes to purchase their own homes locally. 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.

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.

Chris Flynn, Director of Services (Housing, Community, Culture & Integration) with Roscommon County Council described the Affordable Purchase Scheme as "a really positive milestone for the county" and acknowledged the work of the Housing team who have worked closely with the developer and the Department to get this scheme up and running. "We are very proud that this is the first Affordable Purchase Scheme in Roscommon that we now have live and ready to proceed" added Mr. Flynn.

Roscommon County Council 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, and any queries about the scheme should be addressed to: affordablehomes@roscommoncoco.ie

For further information on how to exercise one’s data protection rights, Roscommon County Council’s data protection policy can be accessed on the Privacy Policy section of www.roscommoncoco.ie. The Council’s Data Protection Officer can be contacted at dataprotection@roscommoncoco.ie.