Written answers
Wednesday, 3 June 2020
Department of Housing, Planning, and Local Government
Home Loan Scheme
Eoin Ó Broin (Dublin Mid West, Sinn Fein)
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1227. To ask the Minister for Housing, Planning, and Local Government the average approval offering by each local authority of the 1,550 Rebuilding Ireland home loan approvals made in 2019; the number of loans drawn down in each local authority; and the average amount of the drawn down loans in tabular form. [9057/20]
Eoghan Murphy (Dublin Bay South, Fine Gael)
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My Department publishes information on the overall number, value and average values 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:
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John McGuinness (Carlow-Kilkenny, Fianna Fail)
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1228. To ask the Minister for Housing, Planning, and Local Government the reason for the delay in issuing approval to county councils for housing loans; and if the matter will be expedited. [9075/20]
Eoghan Murphy (Dublin Bay South, Fine Gael)
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As part of the Rebuilding Ireland Home Loan application process 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. My Department does not issue loan approvals for the Rebuilding Ireland Home Loan.
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 credit policy, and having regard to the recommendations made by the Housing Agency.
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