Galway City Council is inviting residential property owners to contact them about leasing their properties to the council for long term housing needs.
The council has asked those interested in leasing a property they own to submit an expression of interest to the council’s housing department.
“The council is looking to lease houses and apartments in areas of housing need under the Rental Accommodation Scheme (RAS) and Long-Term Leasing Models.”
“Any property will be considered provided it meets or can meet the minimum standards for rental properties and where there is a housing need,” a statement from the city council said.
The Rental Accommodation Scheme is designed for people in receipt of long term Rent Supplement, where the council draws up a contract with a private landlord for people who have long term housing needs.
The council then pays the rent directly to the landlord, while the tenant may pay a contribution to the local authority.
The Long Term Leasing Scheme provides social housing contracts for up to 25 years, where the local authority pays up to 95% of the market rent, and the landlord is responsible for maintenance.
Rental income is guaranteed for the entire contract period subject to compliance with the terms and conditions of the Schemes.
The options for property owners interested in providing properties to Galway City Council are:
1.Long term lease arrangements (10-25 years)
2.RAS Availability arrangements (1-10 years)