Eoin Ó Broin (Dublin Mid West, Sinn Fein)
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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]

Eoghan Murphy (Dublin Bay South, Fine Gael)
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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.

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