I welcome the fact that today 49 cost-rental units will be advertised in Mountneil in Waterford city. These are being delivered by a local developer in partnership with Tuath Housing Association and Waterford City and County Council. These 49 A-rated three-bedroom and two-bedroom homes are being delivered at rents ranging from €1,000 to €1,200 depending on the size of the property. This is a really welcome boost for the rental supply market. It is the second cost-rental scheme that is being delivered in Waterford, with others in the pipeline.

It really goes to show that this tenure-type model that is delivering additional supply for middle-income earners, that is, those who are above the threshold for social housing and those outside of Dublin who earn below €59,000 net income after tax, is a really pivotal and important intervention by the Government in the rental space. It is a really good day. They will be advertised online on the Tuath Housing Association website. I encourage anybody in Waterford and the surrounding areas who is in that bracket to get online and express their interest. A lottery system for that will be held in due course. It is a really important intervention that I wish to put on the record of the House.