Kerry County Council has decided how it will allocate affordable homes in its upcoming affordable housing scheme, if demand exceeds supply.
A Scheme of Priority for the Affordable Housing Scheme was approved at this week’s full council meeting, setting out how applications will be assessed and ranked.
The council is currently assessing five submissions from developers under the Affordable Housing Scheme: two in Tralee and three in Killarney.
The Local Authority Affordable Purchase Scheme helps people on moderate incomes to buy new homes below market price, with the local authority taking a percentage stake in the home.
If demand exceeds supply, as expected, 70 per cent of homes will be allocated based on household size and suitability.
Priority will then be given based on when applications are received, with applicants required to have a valid Mortgage Approval in Principle.
Further priority will go to applicants who have lived in the relevant municipal district (MD) for at least five years at the time of application.
The scheme will be open to eligible first-time and Fresh Start applicants.
The Fresh Start principle allows people who previously owned a home but no longer have a financial interest in it due to separation, divorce or insolvency to apply as first-time buyers.
Last month, councillors were told that the first affordable homes in Kerry are expected to be delivered in 2027.
