Written answers

Wednesday, 20 February 2019

Department of Housing, Planning, and Local Government

Home Loan Scheme

Photo of Bernard DurkanBernard Durkan (Kildare North, Fine Gael)
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255. To ask the Minister for Housing, Planning, and Local Government the number of Rebuilding Ireland home loan applications received to date by county; the number approved, refused or pending; and if he will make a statement on the matter. [8707/19]

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 enquiries to local authorities regarding the loan or the number of loan applications received by local authorities.

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 asked the Agency to compile figures on its processing of applications and the most recent figures, as at the end of January 2019, indicate that the Agency had underwritten 3,258 applications since the scheme began. Of these, 1,660 were recommended for approval. The data provided does not include figures on the number of pending applications.

A breakdown by county of the approvals and refusals is in the following table.

RIHL approvals and refusals to end Jan 2019

Local authority
Applications Underwritten
Recommended to Approve
Recommended to Decline
Carlow County Council 48 17 (35%) 31 (65%)
Cavan County Council 18 8 (44%) 10 (56%)
Clare County Council 54 19 (35%) 35 (65%)
Cork City Council 112 56 (50%) 56 (50%)
Cork County Council 262 145 (55%) 117 (45%)
Donegal County Council 31 19 (61%) 12 (39%)
Dublin City Council 375 230 (61%) 145 (39%)
Dún Laoghaire - Rathdown County Council 87 47 (54%) 40 (46%)
Fingal County Council 470 249 (53%) 221 (47%)
Galway City Council 69 31 (45%) 38 (55%)
Galway County Council 117 44 (38%) 73 (62%)
Kerry County Council 95 41 (43%) 54 (57%)
Kildare County Council 173 87 (50%) 86 (50%)
Kilkenny County Council 28 15 (54%) 13 (46%)
Laois County Council 75 39 (52%) 36 (48%)
Leitrim County Council 10 3 (30%) 7 (70%)
Limerick City & County Council 87 49 (56%) 38 (44%)
Longford County Council 32 16 (50%) 16 (50%)
Louth County Council 81 34 (42%) 47 (58%)
Mayo County Council 49 18 (37%) 31 (63%)
Meath County Council 213 133 (62%) 80 (38%)
Monaghan County Council 23 8 (35%) 15 (65%)
Offaly County Council 43 15 (35%) 28 (65%)
Roscommon County Council 29 13 (45%) 16 (55%)
Sligo County Council 42 20 (48%) 22 (52%)
South Dublin County Council 233 122 (52%) 111 (48%)
Tipperary County Council 87 31 (36%) 56 (64%)
Waterford City & County Council 50 15 (30%) 35 (70%)
Westmeath County Council 27 17 (63%) 10 (37%)
Wexford County Council 94 50 (53%) 44 (47%)
Wicklow County Council 144 69 (48%) 75 (52%)
Total 3,258 1,660 (51%) 1598 (49%)

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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