Written answers

Wednesday, 20 September 2017

Department of Housing, Planning, and Local Government

Shared Ownership Scheme

Photo of Eoin Ó BroinEoin Ó Broin (Dublin Mid West, Sinn Fein)
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795. To ask the Minister for Housing, Planning, and Local Government the number of shared ownership loans and first-time buyer's loans in each local authority issued since these schemes came into existence, in tabular form; the number of each category currently in mortgage arrears of less than and more than 90 days; the number of properties repossessed as a result of mortgage arrears; the number of properties that were voluntarily sold; the value of these mortgages; and the value of the arrears on these mortgages. [39672/17]

Photo of Eoghan MurphyEoghan Murphy (Dublin Bay South, Fine Gael)
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The Shared Ownership Scheme was introduced in 1991 and was stood down in 2011.  From 1991 to 2010, a total of 16,492 loans were issued under the scheme, of which 3,585 remained at the end of Q1 2017.  The attached table gives a breakdown of outstanding Shared Ownership loans by local authority at the end of Q1 2017.

Table 1: Shared Ownership Loans by Local Authority Area at end Q1 2017

Local AuthorityTotal
Carlow County Council28
Cavan County Council25
Clare County Council113
Cork City Council70
Cork County Council405
DLR County Council70
Donegal County Council149
Dublin City Council858
Fingal County Council176
Galway City Council15
Galway County Council47
Kerry County Council65
Kildare County Council295
Kilkenny County Council87
Laois County Council200
Leitrim County Council3
Limerick City and County Council114
Longford County Council35
Louth County Council11
Mayo County Council26
Meath County Council61
Monaghan County Council21
Offaly County Council18
Roscommon County Council12
Sligo County Council100
South Dublin County Council121
Tipperary County Council102
Waterford City and County Council209
Westmeath County Council65
Wexford County Council33
Wicklow County Council51
Grand Total3585

To ensure effective targeting of limited resources, local authority house purchase loan finance, including finance advanced in the past for the purchase of properties under the Shared Ownership Scheme, is targeted at first time buyers only. 

The information requested in relation to loans advanced by each local authority, local authority mortgage arrears and local authority repossessions (both forced and voluntary) is available on my Department's website at the following link: http://www.housing.gov.ie/housing/statistics/house-prices-loans-and-profile-borrowers/local-authority-loan-activity.  This data is not broken down by loan type.

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