These homes will be available for purchase under the Local Authority Affordable Purchase Scheme, primarily targeting first-time buyers who do not currently own or have a legal interest in a property. However, there are exceptions to this criterion. The scheme operates through an “Affordable Dwelling Purchase Arrangement,” where the council retains a percentage equity share based on the price difference between the market value of the property and the purchase price. This arrangement allows buyers to buy out the equity share at any time through a series of payments to the council.
The homes will be released in phases from Q2 to Q4 of 2024, providing an opportunity for interested buyers to plan their purchase. It is recommended that applicants secure Mortgage Approval in Principle before applying, as they will need to demonstrate their capacity to purchase.
The application process will be managed online through a dedicated portal, which opens on April 24th, 2024, and closes on May 22nd, 2024. The council will prioritize applications based on factors such as the date and time of submission, with incomplete applications being deemed invalid. Interested individuals can find detailed eligibility criteria, the Scheme of Priority, application guidance, and required documentation on the Kilkenny County Council’s website.
To assist potential applicants, the council will conduct clinics at specified times and locations, including the Hoban Hotel and the Council Housing Offices at Johns Green in Kilkenny. These clinics aim to provide guidance and support to applicants and ensure a smooth application process. Given the anticipated high demand, individuals are encouraged to book time slots in advance to avoid disappointment.
Overall, the Affordable Housing Scheme presents a valuable opportunity for eligible buyers to purchase a home in Kilkenny at an affordable price, contributing to the goal of increasing access to housing for first-time buyers in the region.
