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

457. To ask the Minister for Housing, Planning, and Local Government the number of Rebuilding Ireland home loan applications submitted in the first quarter of 2021; the number of applications accepted; the number approved; the number of mortgage drawdowns; the value of the applications in each category in the first quarter of 2021; the breakdown for each local authority area; and the breakdown as a total for the State under each heading. [21555/21]

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

464. To ask the Minister for Housing, Planning, and Local Government the number and value of Rebuilding Ireland home loans that were applied for, approved and drawn down in the first quarter of 2021. [21570/21]

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

465. To ask the Minister for Housing, Planning, and Local Government the average Rebuilding Ireland home loan amount that was drawn down in Dublin and outside of Dublin in the first quarter of 2021. [21571/21]

Darragh O'Brien (Dublin Fingal, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

I propose to take Questions Nos. 457, 464 and 465 together.

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.

The most recent figures from the Agency on the numbers of applications that it has assessed and recommended for approval/decline for each local authority for the first quarter of 2021 are included in the below table:

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

My Department regularly publishes information on the 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).

Figures for the first quarter of 2021 will be available in due course at the below link -

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

458. To ask the Minister for Housing, Planning, and Local Government the number of long-term lease and Part V lease approvals granted to date in 2021; the number of units in each approval; the local authority in which each approval was granted; the average annual cost of the lease in each development; and the average length of the lease in each development. [21556/21]

Darragh O'Brien (Dublin Fingal, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

To date, a total of 48 leasing projects have been approved by my Department in 2021 under the Long Term Leasing and Enhanced Leasing Schemes. These 48 projects have approval for the delivery of 603 dwellings under long term lease agreements and 123 dwellings under Part V lease agreements. A breakdown of these approvals by local authority, detailing the term of the agreement and number of units in each approaval, is set out in the attached Table.

My Department does not release specific cost information at a project level as these transactions are commercially sensitive and contain proprietary information that may impact on the competitiveness of the local authority sector. The average cost of all long term leases approved in 2021 is €15,000. In a Part V leased unit, the lease payment can vary greatly depending on how the equivalent net monetary value has been reflected in the agreement. This is usually achieved by either a rent free period up front or a discount on the lease payment over the term of the lease (or part thereof).  When this is taken into account, it is estimated that the average cost of Part V lease units approved to date in 2021 is €18,049 annually over the term of the lease.  It is important to note that the  Part V leased units approved to date in 2021 are largely in Dublin. The average lease cost will vary having regard to the location of the dwelling, size and the property type. 

Table 1: 2021 Leasing Approvals