Peter Mathews (Dublin South, Fine Gael)
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Question 335: To ask the Minister for the Environment, Community and Local Government further to Parliamentary Question No. 365 of 25 October 2011, the rate of interest that the Housing Finance Agency is paying on these bonds; and if he will make a statement on the matter. [33146/11]

Peter Mathews (Dublin South, Fine Gael)
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Question 336: To ask the Minister for the Environment, Community and Local Government further to Parliamentary Question No. 365 of 25 October 2011, the rate of interest that the local authorities are paying to the Housing Finance Agency for loans of this type that are still outstanding; and if he will make a statement on the matter. [33149/11]

Peter Mathews (Dublin South, Fine Gael)
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Question 337: To ask the Minister for the Environment, Community and Local Government further to Parliamentary Question No. 365 of 25 October 2011, if local authorities were permitted to charge an interest rate in excess of the 10.5% mentioned in his answer; and if he will make a statement on the matter. [33158/11]

Willie Penrose (Longford-Westmeath, Labour)
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I propose to take Questions Nos. 335 to 337, inclusive, together.

The HFA pays an interest rate of 10% on the loans in question, with the corresponding rate charged on the loans to local authorities also being 10% per annum. The HFA thereby makes no margin on these loans.

Local authorities are permitted to add an administration charge of 0.5% and borrowers also pay an additional 0.5615% to cover their mortgage protection insurance.