Thomas Gould (Cork North Central, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

311. To ask the Minister for Housing, Planning, and Local Government the number of Rebuilding Ireland home loan applications submitted and approved, respectively by quarter, month and local authority in 2020 and to date in 2021 in tabular form. [29119/21]

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

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 requested figures, as to the end of April 2021, from the Agency on the numbers of applications that it has assessed and recommended for approval for each local authority in 2020 and to date in 2021 by quarter, are included in the attached spreadsheet.

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 2020 are available at the following link: www.gov.ie/en/collection/42d2f-local-authority-loan-activity/#local-authority-loans-approvedpaid this link will be updated as updated figures are published.