People looking to live in O’Devaney Gardens following its redevelopment will need to earn at least €70,000 per annum to live in subsidised affordable housing in the development, it was revealed this week.

The publicly owned land is to be developed by a preferred bidder, Bartra Capital, which was selected from a pool of six bidders. They will now develop 824 homes on the 14-acre site near Stoneybatter.

Under the plans, 411 houses will be private, 165 would be affordable, and 248 would be social housing, according to a council report from DCC’s deputy chief executive, Brendan Kenny.

The affordable housing on the O’Devaney Gardens land would be available under an ‘affordable purchase’ scheme.

In the council report, it states that a three-bed apartment will range from €360k to €420k under the affordable purchase price, with a two-bed costing between €303k and €354k.

A one-bed apartment will cost between €237k and €276k. A two-bed house will be priced between €270k and €315k, and a three-bed home will cost €300k to €350k.

There has been widespread fury over the cost of homes in the ‘affordable’ development, with a former resident of O’Devaney Gardens saying that she would “struggle desperately” to afford to live where she was brought up.

On Twitter, Sarahjane McCreery said: “As an ex-resident of the flats, I am saddened by [the cost].

“I have worked through six years of college to get where I am, and even if my partner and I combine salaries, we would struggle desperately to ‘afford’ a mortgage in a place I was born and raised.”

Sinn Fein Housing spokesperson on Dublin City Council, Daithi Doolan, has said there are “huge problems” with the proposed deal.

Cllr Doolan said: “The price range of the promised affordable homes are out of reach of the vast majority of households eligible for the council affordable housing scheme.

“The community in O’Devaney Gardens deserve a deal that meets their needs. Government must ensure that genuinely affordable housing and an adequate community dividend is included in their proposals for the site.

“We can not have development at any cost, especially if the local community are fitting the bill for a development from which they will gain little.”