Tuesday, 12 November 2019
Department of Housing, Planning, and Local Government
Home Loan Scheme
573. To ask the Minister for Housing, Planning, and Local Government the number of persons in County Mayo that applied for the Rebuilding Ireland home loan; the number of successful applicants; and the amount received by applicants under the scheme. [46111/19]
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. Housing Agency recommendations are then considered by the Credit Committee in each local authority, which issues loan approvals.
I asked the Agency to compile figures on the numbers of valid applications that it has assessed and recommended for approval for Mayo County Council since the scheme begun. From 1 February 2018 to the end of October 2019, the Housing Agency assessed 82 applications. Of these, it recommended 32 for approval.
My Department publishes information on the overall number and value of (i) local authority loan approvals and (ii) local authority loan drawdowns. Local authority approval means that an official letter of offer has been sent to a borrower (and therefore relates to a specific property and loan amount). Information for Quarters 1 and 2 2019, including in relation to the number and value of mortgage drawdowns, is available on my Department's website at the following link: www.housing.gov.ie/housing/statistics/house-prices-loans-and-profile-borrowers/local-authority-loan-activity.