The body which coordinates the delivery of social and affordable homes on public land has launched its first development which has been directly developed on State land.
The Shanganagh Castle project in Shankill, Co Dublin, has been delivered by the Land Development Agency and Dún Laoghaire-Rathdown Council.
The scheme will have a total of 597 housing units.
The first phase has 51 affordable purchase houses, 195 cost rental apartments and 35 social apartments.
It is the first of a pipeline of around 20 housing projects to be completed by the Land Development Agency on State-owned land.
The full range of pricing for the homes shows that prices rise depending on the size of the local authority's shareholding.
If the gross salary or salaries of buyers are between €66,000 and €76,000 they can qualify for a 30% equity stake by Dun Laoghaire Rathdown Council which means a purchase price of €334,600.
At a higher salary range between €80,000 and €96,000 the prices range from €358,000 and €430,200 for a two bed home as the local authority take a smaller stake.
For a three bed terraced home the prices range from €349,300 for those on incomes between €68,000 and €76,000.
However, for those on higher incomes prices range from €374,250 to €449,000.
For semi detached three bed homes, prices for lower incomes are €385,000 but for those on higher incomes they range from €374,500 to €481,500.
For the larger three bed homes, prices are €385,000 for those on lower incomes. For higher earners they range from €412,900 to €495,000.
The fact that the local authority keeps a stake in the home for 40 years lowers the upfront cost. But it means purchasers do not own the entire home unless they buy out the council's stake.
Rents on the cost rental apartments will start from €1,175.
Eligible buyers can apply to purchase the 51 houses on 9 October while applications for the 195 apartments will open later this year.
The remaining 316 homes, all of which are apartments, will be made available in two subsequent phases in 2025.
The scheme was launched by Taoiseach Simon Harris and Minister for Housing Darragh O'Brien today.
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John Coleman, chief executive of the Land Development Agency (LDA), has described the delivery of the Shanganagh Castle project in Shankill, Co Dublin as a "landmark" achievement.
Mr Coleman explained that the project marks the first delivery on a pipeline of about 20 sites which can provide around 10,000 homes across the country.
He said that achieving this was a sign that the State was getting back in to direct delivery of housing itself.
The housing development is also the largest passive house standard scheme in Europe, which means the units have high energy efficiency, low costs in operation and "top specification" such as triple glazed windows.
Mr Coleman said that the project aims to target the middle income market, those who cannot afford to buy in the private sector but do not qualify for social housing.
He said that of the pipeline of 20 sites, the majority are local authority sites, and that the LDA was a service provider to design, build, construct and oversee the project management and finance these schemes.
He added that the LDA were "as quick" as any construction company in the private sector when it came to sites.
A number of state owned land sites were already seeing construction, such as in Cork and Naas, and work is about to start in Dublin City Centre, Coolock and Clongriffin.
He said that there were about 18,000 homes being worked on by the LDA at present, between builder partnerships and direct development.
