Affordable Purchase Scheme
Cavan County Council is currently progressing the delivery of Affordable Housing. Schemes where Affordable Housing is available will be publicly advertised across the Local Authority website, local newspapers and social media.
The Affordable Purchase Scheme sees Cavan County Council make new, local homes available for purchase to First Time Buyers and Fresh Start applicants at reduced prices, whose combined mortgage and deposit will not cover the market price of the newly built home.
In return, Cavan County Council takes a percentage equity stake in the Affordable Home, equal to the discount of the purchase price from the full market value of the home.
Eligibility Criteria
To be eligible for a property under the Local Authority Affordable Purchase Scheme, the following criteria apply:
- The combined gross household income of all of the persons making the application, is below a certain level. This is calculated by multiplying the gross household income by 4. This must be less than 85.5% of the market value of the Affordable Home. (Exceptions to this may apply in certain circumstances)
- The applicant’s gross household income plus deposit plus excess savings must not exceed 95% of the market value of the home.
- The Scheme is for First-Time buyers or qualify under the Fresh Start principle.
- A minimum deposit of 10% of the purchase price is required.
- Each person included in the application must have the right to reside indefinitely in the State.
- The affordable home will be principle place of residence.
- Over 18 years of age.
Cavan County Council will assess applicants eligibility in accordance with regulations and its Scheme of Priority.
How to apply
Applications will only be accepted through an online application portal. On the day the application portal opens, a link to apply will be made available on Cavan County Council’s website. You can proceed to complete the online application form and submit the requested documentation.
The opening date and time for the for the application will be advertised at least two weeks in advance.
The decision on your application will be in accordance with eligibility criteria and Cavan County Council's Scheme of Priorities. View the Affordable Scheme of Priorities.
In certain circumstances application will be prioritised based on the date and time applications are received.
When affordable homes are made available for purchase, they will be advertised in the following places including details on how and when to apply;
- Cavan County Council's website
- Cavan County Council's Social Media channels
- In a local / national newspaper
How can an applicant prepare for an application?
- Gather all the supporting documentation as set out in our Affordable Checklist. - Document Checklist
- Apply for the Help to Buy Scheme (if applicable)
- We highly recommend that applicants would have Mortgage Approval in Principle in place.
- Affordable Purchase Income Assessment Policy Affordable Purchase Income Assessment Policy
- Salary Certificate – Salary Certificate
Frequently Asked Questions (FAQ)
- Download the Frequently Asked Questions (FAQ) document
More Information
- Visit the Affordable Homes website at: Affordable Purchase Scheme | Cost Rental Scheme
- Watch an information video: https://www.youtube.com/watch?v=NSDMMhcASj0
Contact Us
Affordable Housing Co-ordinator
Housing Section,
Cavan County Council,
Courthouse, Cavan
Tel: 049-4386300
Email: affordablehousing@cavancoco.ie
Note: For further information on how Cavan County Council manages your data, or to exercise your data protection rights, view our data protection policy at www.cavancoco.ie/privacy