Eoin Ó Broin (Dublin Mid West, Sinn Fein)
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1225. To ask the Minister for Housing, Planning, and Local Government the number of applications, approvals and drawdowns of the Rebuilding Ireland home loan mortgage by local authority to date in 2020; and the average amount approved and drawn down in each local authority in 2020, in tabular form. [3267/20]

Eoghan 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.

I have asked the Agency to compile figures on the numbers of applications that it has assessed and recommended to approve since the beginning of 2020. So far this year, the Housing Agency has assessed 347 applications of which, 151 have been recommended for approval. Data on drawdowns is not available.

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 up to Quarter 3 2019, including in relation to the number and value of mortgage approvals and drawdowns and also, average loan amounts are available on my Department's website at the following link:

www.housing.gov.ie/sites/default/files/attachments/rihl-loans-2019-todate.xlsx.

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.

Loan Applications Assessed and Recommended for Approval by Housing Agency to end Feb 2020