Affordable Housing FAQs
Does the same income test apply to Part V Affordable Housing?
No. Affordable Housing under Part V of the Planning & Development Act, 2000 is housing provided to eligible persons on foot of agreements reached with developers.
An eligible person is defined as someone:
“who is in need of accommodation and whose income would not be adequate to meet the payments on a mortgage for the purchase of a house to meet his or her accommodation needs because the payments calculated over the course of a year would exceed 35% of that person’s annual income net of income tax and pay related social insurance”.