Michael McNamara (Clare, Independent)
Link to this: Individually | In context | Oireachtas source

343. To ask the Minister for Housing, Planning, and Local Government the number of applications made under the Rebuilding Ireland home loan scheme in each county; the number that were approved in tabular form; and if he will make a statement on the matter. [9202/22]

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

The Housing Agency provides a central support service that 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 provided by the Agency on the number of Rebuilding Ireland Home loan applications that it has underwritten for each local authority, from February 2018 up to the end of January 2022 are set out in the below table:

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).

Local Authority drawdowns, approvals, average drawdowns, and average approvals to Q2 2021 is available at the following link, which will be updated, as updated figures are available:

www.gov.ie/en/collection/42d2f-local-authority-loan-activity/#local-authority-loans-approvedpaid.

The Local Authority Home Loan is the successor to the Rebuilding Ireland Home Loan and has been available nationwide from local authorities since 4 January 2022. Data is collected separately for the Rebuilding Ireland Home Loan and the Local Authority Home Loan schemes.