Thursday, 7 March 2019
Ceisteanna ar Reachtaíocht a Gealladh - Questions on Promised Legislation
Louth County Council has confirmed that it received instructions to stop issuing home loan approvals under the Rebuilding Ireland home loan scheme. These are the very loans the Government stated would assist families on low to middle incomes and first-time buyers who had been turned down by the banks. Over half of the €200 million in the fund has been drawn down in what is the first year of a three-year scheme. The take-up is a clear indication of the need for this funding and, more importantly, additional funding. Why did the Department of Housing, Planning and Local Government issue an instruction to Louth County Council to cease issuing Rebuilding Ireland home loans? Officials in Louth County Council are hardly making it up. Are they making it up, or did the Department instruct them to stop issuing loans?