Written answers

Thursday, 13 June 2019

Department of Housing, Planning, and Local Government

Home Loan Scheme

Photo of Darragh O'BrienDarragh O'Brien (Dublin Fingal, Fianna Fail)
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245. To ask the Minister for Housing, Planning, and Local Government the number of applicants, number of approved applicants, number of refused applicants, number of applicants sent for further information, amount of funding and loans issued under the Rebuilding Ireland home loan scheme by local authority to date in tabular form; and if he will make a statement on the matter. [24822/19]

Photo of Eoghan MurphyEoghan Murphy (Dublin Bay South, Fine Gael)
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The Housing Agency provides a central support service which assesses applications for the Rebuilding Ireland Home Loan on behalf of local authorities and makes recommendations to the authorities to approve or refuse applications. 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.

I have asked the Agency to compile figures on the numbers of applications that it has assessed and recommended for approval/decline.  The most recent figures, as at the end of May 2019, indicate that of the 4,193 applications assessed by it since the Rebuilding Ireland Home Loan scheme launched, the Agency had recommended 2,153 applications (51%) for approval. A breakdown by local authority is set out in the Table. The data provided does not include figures on the number of applications returned for further information as this information is not collected.

Local authorityHousing Agency Applications AssessedHousing Agency Recommended to ApproveHousing Agency Recommended to Decline
Carlow  55 18 (33%)37 (67%)
Cavan 14 8 (57%)6 (43%)
Clare 66 25 (38%)41 (62%)
Cork City157 80 (51%)77 (49%)
Cork County328 182 (55%)146 (45%)
Donegal 38 20 (53%)18 (47%)
Dublin City464 288 (62%)176 (38%)
DL/Rathdown 111 64 (58%)47 (42%)
Fingal 580 339 (58%)241 (42%)
Galway City91 48 (53%)43 (47%)
Galway County143 56 (39%)87 (61%)
Kerry 100 46 (46%)54 (54%)
Kildare 172 87 (51%)85 (49%)
Kilkenny 38 21 (55%)17 (45%)
Laois 93 50 (54%)43 (46%)
Leitrim 14 4 (29%)10 (71%)
Limerick 114 71 (62%)43 (38%)
Longford 44 20 (45%)24 (55%)
Louth  107 43 (40%)64 (60%)
Mayo 62 28 (45%)34 (55%)
Meath 242 167 (69%)75 (31%)
Monaghan 34 14 (41%)20 (59%)
Offaly 45 18 (40%)27 (60%)
Roscommon 44 20 (45%)24 (55%)
Sligo 47 24 (51%)23 (49%)
South Dublin306 164 (54%)142 (46%)
Tipperary 115 51 (44%)64 (56%)
Waterford 69 29 (42%)40 (58%)
Westmeath 33 23 (70%)10 (30%)
Wexford 112 63 (56%)49 (44%)
Wicklow 169 82 (49%)87 (51%)
Total 4193 2153 (51%) 2040 (49%)

In addition to this, 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 the end of Quarter 1 2019, including in relation to number and value of mortgage drawdowns, is available on the Department's website at the following link: www.housing.gov.ie/housing/statistics/house-prices-loans-and-profile-borrowers/local-authority-loan-activity.

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