Written answers

Tuesday, 19 June 2018

Department of Housing, Planning, and Local Government

Home Loan Scheme

Photo of Charlie McConalogueCharlie McConalogue (Donegal, Fianna Fail)
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590. To ask the Minister for Housing, Planning, and Local Government the number of Rebuilding Ireland home loan applications received by each local authority; the number of these which have been approved; and if he will make a statement on the matter. [26596/18]

Photo of Eoghan MurphyEoghan Murphy (Dublin Bay South, Fine Gael)
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As with the previous local authority home loan offerings, loan applications under the Rebuilding Ireland Home Loan are made directly to the local authority in whose area the property proposed for purchase is situated. My Department therefore does not directly collect information on the number of enquiries to local authorities regarding the loan or the number of loan applications received by local authorities.

As is currently the case, my Department will continue to publish information on the overall number and value of (i) local authority loan approvals and (ii) local authority loan drawdowns.  Information up to Q3 2017 is available on the Department's website at the following link: ,and this information will be updated on a quarterly basis as additional data is compiled.

The Housing Agency provides a central support service which assesses valid loan applications that are made to the local authorities and makes recommendations to the authorities as to whether loans should be offered to applicants. I have asked the Agency to centrally compile figures of the numbers of applications that it has assessed.

The most recent figures, as at the end of May, indicate that the Agency had received a total of 1,499 applications for assessment from local authorities, 1,150 of which were deemed to be valid. Of these valid applications, 876 have been assessed and 52% of the valid applications that have been assessed by the Agency have been recommended for approval.

Each local authority must have in place a credit committee which makes the final decision on applications for loans, in accordance with the regulations and having regard to the recommendations made by the Housing Agency.

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