Results 1-20 of 27 for rebuilding ireland home loan speaker:Paschal Donohoe

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Written Answers — Department of Public Expenditure and Reform: Housing Policy (27 Jun 2023)

Paschal Donohoe: ...data and for further research to be conducted to provide clear insights on the planning process and impacts on commencements and delivery. The second housing analytical note, Review of the Rebuilding Ireland Home Loan 2018 – 2021, examines the activity and take up of the Rebuilding Ireland Home Loan (now replaced by the Local Authority Home Loan). The findings highlighted the...

Written Answers — Department of Finance: House Prices (1 Apr 2021)

Paschal Donohoe: ...residential units completed in 2020, just 1.9 per cent lower than the 21,087 new units completed in 2019. Of course, further progress is required and that is why the addition of new and affordable homes continues to be supported through Government action. To this end, in Budget 2021, I amended the Stamp Duty Residential Development Refund Scheme to include operations commenced by 31...

Written Answers — Department of Finance: Home Loan Scheme (11 Feb 2021)

Paschal Donohoe: The Rebuilding Ireland Home loan is a matter for the Minister for Housing, Planning and Local Government. However, I believe the question posed and details supplied by the Deputy, in fact, relate to the Help to Buy scheme. The Help to Buy (HTB) incentive, is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment. The incentive gives a...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: I do not propose to agree to the proposed amendments. Notwithstanding that the help-to-buy scheme is scheduled to sunset at the end of next year, further support is needed in the delivery of new homes, as the situation remains as acute now as it was before and during the summer. Section 7 provides for the additional support to continue for 2021. As discussed, it is my proposal that the...

Written Answers — Department of Finance: House Prices (6 Oct 2020)

Paschal Donohoe: ...housing supply. With regard to actual housing completions this year, I am conscious that there is likely to be a significant shortfall in 2020 as compared to the targets which were envisaged in the Rebuilding Ireland Action Plan for Housing and Homelessness. I believe that the enhancement of support provided Help-to-Buy in the July Stimulus Package will help to stimulate construction...

Irish Economy: Statements (23 Apr 2020)

Paschal Donohoe: ...The discussion of our public health and economic status is honest about both today but it is also honest about our future prospects and about what we can achieve. We can and will renew the economy of Ireland when we have recovered our public health but we are now in the midst of a severe recession, both globally and domestically. For Ireland, my Department is expecting gross domestic...

Written Answers — Department of Public Expenditure and Reform: Home Loan Scheme (1 Oct 2019)

Paschal Donohoe: The Rebuilding Ireland Home Loan launched on 1 February 2018. Prior to its launch, an initial tranche of €200 million of long-term fixed rate finance was borrowed by the Housing Finance Agency to provide funds for the scheme to local authorities. Due to a higher than anticipated demand for the scheme, the Department of Housing, Planning and Local Government requested sanction for...

Written Answers — Department of Finance: Departmental Budgets (26 Sep 2019)

Paschal Donohoe: ....  The Deputy may be aware that the Minister for Housing, Planning and Local Government already set out in his answer to PQ 25232 that he had received sanction to increase the funding of the Rebuilding Ireland Home Loan Scheme by €363 million for the remainder of 2019, bringing the total scheme funding to €563 million.  Any future changes to this or other housing...

Written Answers — Department of Public Expenditure and Reform: Home Loan Scheme (4 Jul 2019)

Paschal Donohoe: The Rebuilding Ireland Home Loan launched in February 2018 with initial funding of €200m expected to issue over three years. The actual level of demand has been higher than expected, as result of which, the scheme requires a further tranche of funds to be borrowed by the HFA for it to continue. The Minister for Housing, Planning and Local Government and I have been in discussions...

Written Answers — Department of Finance: Home Loan Scheme (16 May 2019)

Paschal Donohoe: The Rebuilding Ireland Home Loan was launched on 1 February 2018. Prior to its launch, a tranche of €200 million of long-term fixed-rate finance was borrowed by the Housing Finance Agency (HFA) to provide funds for the scheme to local authorities. The amount of €200 million initially provided for the Rebuilding Ireland Home Loan (RIHL) was based on the Department of...

Written Answers — Department of Public Expenditure and Reform: Home Loan Scheme (14 May 2019)

Paschal Donohoe: The Rebuilding Ireland Home Loan launched on 1 February 2018. Prior to its launch, an initial tranche of €200 million of long-term fixed-rate finance was borrowed by the Housing Finance Agency to provide funds for the scheme to local authorities. When the Rebuilding Ireland Home Loan was initially being developed it was estimated that the drawdown of loans under the scheme would...

Written Answers — Department of Public Expenditure and Reform: Home Loan Scheme (8 May 2019)

Paschal Donohoe: The Rebuilding Ireland Home Loan launched on 1 February 2018. Prior to its launch, an initial tranche of €200 million of long-term fixed-rate finance was borrowed by the Housing Finance Agency to provide funds for the scheme to local authorities.  When the Rebuilding Ireland Home Loan was initially being developed it was estimated that the drawdown of loans under the scheme...

Written Answers — Department of Finance: Home Loan Scheme (9 Apr 2019)

Paschal Donohoe: ...have signed a contract to buy the property in that period. - If you are self-building, you must have drawn down the first part of the mortgage in that period. - live in the property as your main home for five years after you buy or build it; and - be tax compliant, or if you are self-assessed, you must also have tax clearance. Other conditions include: - the contractor you are...

Written Answers — Department of Public Expenditure and Reform: Home Loan Scheme (9 Apr 2019)

Paschal Donohoe: The Rebuilding Ireland Home Loan launched on 1 February 2018. Prior to its launch, an initial tranche of €200 million of long-term fixed-rate finance was borrowed by the Housing Finance Agency to provide funds for the scheme to local authorities. When the Rebuilding Ireland Home Loan was initially being developed it was estimated that the drawdown of loans under the scheme would...

Written Answers — Department of Foreign Affairs and Trade: Home Loan Scheme (12 Mar 2019)

Paschal Donohoe: I propose to take Questions Nos. 108 and 116 together. I understand the Department of Housing, Planning and Local Government is presently carrying out an internal review of the Rebuilding Ireland Home Loan scheme. As part of this review there are discussions ongoing between the Department of Housing, Planning and Local Government and the Departments of Public Expenditure and Reform, and...

Written Answers — Department of Public Expenditure and Reform: Home Loan Scheme (12 Mar 2019)

Paschal Donohoe: I propose to take Questions Nos. 125 and 127 together. The Rebuilding Ireland Home Loan launched on 1 February 2018. Prior to its launch, an initial tranche of €200 million of long-term fixed-rate finance was borrowed by the Housing Finance Agency to provide funds for the scheme to local authorities. When the Rebuilding Ireland Home Loan was initially being developed it was...

Written Answers — Department of Finance: House Prices (25 Oct 2018)

Paschal Donohoe: The Government’s primary response to mitigating house price inflation is to increase supply. ‘Rebuilding Ireland: An Action Plan for Housing and Homelessness’, which is the primary responsibility of my colleague the Minister for Housing, Planning and Local Government, sets out a comprehensive package of actionable measures designed to address the ongoing structural...

Financial Resolutions 2019 - Budget Statement 2019 (9 Oct 2018)

Paschal Donohoe: The housing needs of over 25,000 of our people will be met this year alone and by the end of 2018, over 70,000 housing solutions will have been delivered under the Rebuilding Ireland programme. Of these, just under 12,000 will be delivered through building, over 5,000 through acquisitions and 3,600 through leasing. A further 49,700 have been delivered through the housing assistance payment...

Written Answers — Department of Finance: NAMA Operations (11 Jul 2018)

Paschal Donohoe: It is important to recognise from the outset that NAMA does not own property, rather, NAMA owns loans secured by property which is owned by its debtors. NAMA, as a lender, cannot force a borrower to take action which would reduce his or her repayment capacity, such as providing a property for social or private housing where that is not the financially optimal course of action for the debtor....

Written Answers — Department of Finance: Banking Licence Applications (12 Jun 2018)

Paschal Donohoe: Any person seeking a licence to carry out banking business in Ireland will need to satisfy the relevant statutory requirements set out in the Central Bank Act 1971, which transposes the authorisations provisions of the Capital Requirements Directive (Directive 2013/36/EU). These requirements relate to, inter alia, initial capital, the suitability of shareholders and members, the programme of...