Written answers

Thursday, 5 December 2019

Department of Housing, Planning, and Local Government

Housing Agency Data

Photo of Darragh O'BrienDarragh O'Brien (Dublin Fingal, Fianna Fail)
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411. To ask the Minister for Housing, Planning, and Local Government the number of Rebuilding Ireland home loans approved; the number of loans drawn down; the average loan approved; the amount approved; the draw down in this regard; and the number of loan applications rejected by the Housing Agency in each of the months since the scheme was introduced by county in tabular form. [50714/19]

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. Housing Agency recommendations are then considered by the Credit Committee in each local authority, which issues loan approvals. 

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, and 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 to approve since the scheme began.  In 2018, the Housing Agency assessed 3,036 valid applications.  Of these, it recommended 1,550 for approval. For 2019, as of end-October 2019, the Housing Agency have assessed 2,271 valid applications of which 1,133 have been recommended for approval.

Local Authority Total Applications Assessed Total Applications Recommended for Approval
Carlow County Council 73 28
Cavan County Council 24 9
Clare County Council 87 36
Cork City Council 217 96
Cork County Council 414 209
Donegal County Council 51 22
Dublin City Council 610 368
Dún Laoghaire - Rathdown County Council 142 78
Fingal County Council 756 424
Galway City Council 109 58
Galway County Council 194 63
Kerry County Council 144 59
Kildare County Council 200 107
Kilkenny County Council 61 31
Laois County Council 125 61
Leitrim County Council 19 5
Limerick City & County Council 143 85
Longford County Council 55 26
Louth County Council 152 59
Mayo County Council 82 32
Meath County Council 324 212
Monaghan County Council 64 21
Offaly County Council 58 23
Roscommon County Council 59 23
Sligo County Council 72 34
South Dublin County Council 373 194
Tipperary County Council 152 67
Waterford City & County Council 115 39
Westmeath County Council 56 34
Wexford County Council 161 80
Wicklow County Council 215 100
Total 5,307 2,683

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 on the RIHL for Quarter 2 2019, including in relation to the number and value of mortgage approvals and drawdowns, is available on the Department's website at the following link:



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