Written answers

Wednesday, 7 November 2018

Department of Housing, Planning, and Local Government

Home Loan Scheme

Photo of Eoin Ó BroinEoin Ó Broin (Dublin Mid West, Sinn Fein)
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181. To ask the Minister for Housing, Planning, and Local Government the number of Rebuilding Ireland home loan applications by local authority area to date in 2018; the number of approvals and drawdowns, respectively, by local authority area; the average loan amount awarded in each local authority area in tabular form; and if he will make a statement on the matter. [46005/18]

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 will be 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 recommended for approval, the most recent figures, as at the end of October, indicate that the Agency had recommended a total of 1,317 applications for approval since the scheme launched.

Local Authority Recommended to Approve
Carlow County Council 15
Cavan County Council 2
Clare County Council 18
Cork City Council 43
Cork County Council 104
Donegal County Council 17
Dublin City Council 189
Dún Laoghaire - Rathdown County Council 38
Fingal County Council 185
Galway City Council 26
Galway County Council 36
Kerry County Council 35
Kildare County Council 85
Kilkenny County Council 13
Laois County Council 32
Leitrim County Council 2
Limerick City & County Council 38
Longford County Council 14
Louth County Council 22
Mayo County Council 15
Meath County Council 109
Monaghan County Council 3
Offaly County Council 12
Roscommon County Council 12
Sligo County Council 17
South Dublin County Council 92
Tipperary County Council 25
Waterford City & County Council 11
Westmeath County Council 12
Wexford County Council 39
Wicklow County Council 56
Total 1,317

The average loan amount requested to date is €158,433. The average loan amount recommended for approval where the maximum borrowing is €288,000 is €207,927. The average loan amount recommended for approval where the maximum borrowing is €225,000 is €131,493.

Each local authority must have in place a credit committee and it is a matter for the 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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