Written answers

Tuesday, 23 October 2018

Department of Housing, Planning, and Local Government

Home Loan Scheme

Photo of Tony McLoughlinTony McLoughlin (Sligo-Leitrim, Fine Gael)
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691. To ask the Minister for Housing, Planning, and Local Government the number of Rebuilding Ireland home loan applications that have been accepted and rejected; the percentage comparison between those accepted and rejected from the launch of the programme until October 2018, by county in tabular form; and if he will make a statement on the matter. [43506/18]

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 does not directly collect information on the number of loan applications received by each local authority.

However, 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 Q2 2018 is available on the Department's website at the following link: ,and this information is updated on a quarterly basis as additional data is compiled.

In addition, the Housing Agency provides a central support service which assesses 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 on the numbers of applications that it has assessed and the most recent figures, as at the end of September, indicate that the Agency had received a total of 2,933 applications for assessment from local authorities.

Of the 2,933 applications received, 2,354 were deemed to be valid. Of these valid applications, 2,222 had been assessed and 1,134 of these (51%) had been recommended for approval.  A breakdown by local authority of the 1,134 applications recommended for approval and the 1,088 recommended to be declined is set out in the table below.

Local AuthorityValid Applications AssessedRecommended to Approve% ApprovedRecommended to Decline% Declined
Carlow County Council 401537.52562.5
Cavan County Council 7114.3685.7
Clare County Council 401435.02665.0
Cork City Council 773748.14051.9
Cork County Council 1699355.07645.0
Donegal County Council 211361.9838.1
Dublin City Council 26316362.010038.0
Dún Laoghaire - Rathdown County Council 533362.32037.7
Fingal County Council 32115648.616551.4
Galway City Council 462247.82452.2
Galway County Council 833238.65161.4
Kerry County Council 602643.33456.7
Kildare County Council 1427250.77049.3
Kilkenny County Council 221150.01150.0
Laois County Council 542750.02750.0
Leitrim County Council 9222.2777.8
Limerick City & County Council 462860.91839.1
Longford County Council 221254.51045.5
Louth County Council 501938.03162.0
Mayo County Council 301343.31756.7
Meath County Council 15510165.25434.8
Monaghan County Council 10220.0880.0
Offaly County Council 271037.01763.0
Roscommon County Council 231147.81252.2
Sligo County Council 261661.51038.5
South Dublin County Council 1678450.38349.7
Tipperary County Council 582339.73560.3
Waterford City & County Council 201050.01050.0
Westmeath County Council 171164.7635.3
Wexford County Council 663350.03350.0
Wicklow County Council 984444.95455.1
Total 2,2221,13451.0108849.0
Each local authority must have in place a credit committee and it is a matter for that committee to make the decision on applications for loans, in accordance with the regulations, having regard to the recommendations made by the Housing Agency.

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