Written answers

Tuesday, 3 November 2020

Department of Finance

Home Building Finance Ireland

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

396. To ask the Minister for Finance the number of applications for loans to Home Building Finance Ireland since its establishment; the number of loan approvals; the number of loan drawdowns; the monetary value of the applications, approvals and drawdowns; and the number of units of accommodation involved in the applications, approvals and drawdowns to date. [32327/20]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source

I am advised by HBFI that it recently issued a mid-year update on its business performance to 31st July 2020. Further details are available at .

To deal more specifically with the Deputy’s queries:

- 89 loan applications with a value of €907 million were received to end July.

- 29 loans were approved with a value of €340 million to support 1,477 new homes to end July.

- 17 are recent applications and were going through the assessment process at the end of July.

- 12 applications were declined by HBFI as they were not capable of meeting HBFI’s risk and credit criteria to protect taxpayer capital.

- In the remaining 31 applications, customers either did not proceed with the housing scheme or they secured funding elsewhere.

Comments

No comments

Log in or join to post a public comment.