Written answers

Wednesday, 28 November 2018

Department of Housing, Planning, and Local Government

Home Loan Scheme

Photo of Eamon ScanlonEamon Scanlon (Sligo-Leitrim, Fianna Fail)
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281. To ask the Minister for Housing, Planning, and Local Government the number of Rebuilding Ireland home loan applications to date in 2018; the number of those approved; the number of those drawn down; the number of those declined; the spend under the scheme to date; and if he will make a statement on the matter. [49763/18]

Photo of Eoghan MurphyEoghan Murphy (Dublin Bay South, Fine Gael)
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My Department publishes information on the overall number and value of (i) local authority loan approvals and (ii) local authority loan drawdowns. Information up to Q2 2018, including in relation to number and value of mortgage drawdowns, 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 assessed 2,583 valid applications, of which a total of 1,317 were recommended for approval.

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

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