Written answers

Thursday, 4 March 2021

Department of Housing, Planning, and Local Government

Home Loan Scheme

Photo of Bernard DurkanBernard Durkan (Kildare North, Fine Gael)
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88. To ask the Minister for Housing, Planning, and Local Government if he will ensure that the local authority housing loan system and the Rebuilding Ireland loan scheme are restructured in such a way as to meet 40% of local authority demand in their administrative area; and if he will make a statement on the matter. [12437/21]

Photo of Darragh O'BrienDarragh O'Brien (Dublin Fingal, Fianna Fail)
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€210 million has been secured to allow local authorities to lend through the Rebuilding Ireland Home Loan (RIHL) scheme in 2021. Allocations for new lending approvals in 2021 have already been communicated to all 31 local authorities.

The RIHL is a demand led scheme driven by the number of applications received by each local authority. Based on lending activity in recent years, €210 million should be sufficent to meet overall approvals for the RIHL.

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