Deals of the Year 2025: New CREL Cost Rental scheme a key element in future housing provision
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The Cost Rental Equity Loan scheme facilitates long-term loans on favourable terms made available to Approved Housing Bodies by the Housing Agency (on behalf of the Department of Housing, Local Government and Heritage) to cover up to 30% of the development or acquisition cost of new cost rental homes. The remaining development or acquisition costs for the homes are met by long-term commercial loans from the Housing Finance Agency.
The winner of the Loans & Financing Housing Finance Deal of the Year is the Housing Finance Agency Cost Rental Programme. CREL is a new form of tenure in Ireland and has been introduced as part of the Government’s Housing for All which seeks to provide affordable homes to purchase and rent. Under the CREL scheme, tenants pay rent that covers the costs of delivering, managing, and maintaining the homes only and rents are a minimum of 25% below comparable market rates for the area with some....

 

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July 2025 Issue of Finance Dublin

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This article appeared in the June 2025 edition.