Written answers

Wednesday, 20 May 2020

Department of Housing, Planning, and Local Government

House Purchase Schemes

Photo of Eoin Ó BroinEoin Ó Broin (Dublin Mid West, Sinn Fein)
Link to this: Individually | In context

1335. To ask the Minister for Housing, Planning, and Local Government the number of applications, approvals and drawdowns and the average amount approved and drawn down from the Rebuilding Ireland home loan scheme by local authority in each year since the scheme was introduced in tabular form. [5853/20]

Photo of Eoghan MurphyEoghan Murphy (Dublin Bay South, Fine Gael)
Link to this: Individually | In context

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 Rebuilding Ireland Home Loan for 2019, including the number and value of mortgage approvals and drawdowns, as well as average loan amounts, are available on my Department's website at the following link:

This information will be updated on a quarterly basis as additional data is compiled.

Information on the Rebuilding Ireland Home Loan for 2018 is also available through this link and can be found under local authority loans approved and local authority loans paid, however these figures are not detailed by loan type.

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. The value of pending applications is not tracked by my Department.

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.

Local Authority Applications Assessed Recommended to Approve
Carlow County Council 46 16
Cavan County Council 17 7
Clare County Council 50 19
Cork City Council 105 53
Cork County Council 241 133
Donegal County Council 30 18
Dublin City Council 351 215
Dún Laoghaire - Rathdown County Council 82 45
Fingal County Council 437 229
Galway City Council 64 30
Galway County Council 108 41
Kerry County Council 89 40
Kildare County Council 173 87
Kilkenny County Council 28 15
Laois County Council 72 36
Leitrim County Council 9 2
Limerick City & County Council 81 46
Longford County Council 30 15
Louth County Council 73 31
Mayo County Council 46 18
Meath County Council 198 124
Monaghan County Council 21 6
Offaly County Council 38 14
Roscommon County Council 28 13
Sligo County Council 39 20
South Dublin County Council 214 112
Tipperary County Council 80 29
Waterford City & County Council 43 14
Westmeath County Council 26 17
Wexford County Council 85 43
Wicklow County Council 132 62
Total 3,036 1,550

In 2019, the Housing Agency assessed 2,649 valid applications.  Of these, it recommended 1,307 for approval.

Local Authority Applications Assessed Recommended to Approve
Carlow County Council 35 16
Cavan County Council 7 2
Clare County Council 46 21
Cork City Council 133 49
Cork County Council 203 90
Donegal County Council 27 5
Dublin City Council 309 180
Dún Laoghaire-Rathdown County Council 64 34
Fingal County Council 363 215
Galway City Council 52 30
Galway County Council 92 24
Kerry County Council 70 26
Kildare County Council 32 22
Kilkenny County Council 43 21
Laois County Council 65 29
Leitrim County Council 12 3
Limerick City & County Council 70 43
Longford County Council 29 13
Louth County Council 91 38
Mayo County Council 43 14
Meath County Council 141 99
Monaghan County Council 52 18
Offaly County Council 26 12
Roscommon County Council 37 14
Sligo County Council 35 15
South Dublin County Council 174 91
Tipperary County Council 75 39
Waterford City & County Council 86 28
Westmeath County Council 37 18
Wexford County Council 89 44
Wicklow County Council 111 54
Total 2,649 1,307

Comments

No comments

Log in or join to post a public comment.