Written answers

Wednesday, 29 July 2020

Department of Housing, Planning, and Local Government

Home Loan Scheme

Photo of Johnny MythenJohnny Mythen (Wexford, Sinn Fein)
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155. To ask the Minister for Housing, Planning, and Local Government the number of applicants for Rebuilding Ireland home loans in County Wexford; the number that have been successful; the number that have been refused; and if he will make a statement on the matter. [19432/20]

Photo of Darragh O'BrienDarragh O'Brien (Dublin Fingal, Fianna Fail)
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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. Each local authority must have in place a credit committee and it is a matter for the committee to make the decision on applications for loans, in accordance with the regulations, 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 for approval/decline for Wexford County Council. The most recent figures, as at the end of June 2020, indicate that of the 209 applications assessed by it since the Rebuilding Ireland Home Loan scheme launched, the Agency had recommended 97 applications for approval and 112 for decline.

The next stages in the process are approval by and drawdown from the local authority.

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:

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. My Department recently issued data requests for the first two quarters of 2020 and more up to date figures will be made available in due course, as additional data is compiled.

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