Paul Murphy (Dublin South West, RISE)
Link to this: Individually | In context | Oireachtas source

777.To ask the Minister for Housing, Planning, and Local Government if he will instruct all local authorities to confirm the number that have applied under the fresh start principal; and the number that have been approved, per year, in tabular form.[33892/24]

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

The Local Authority Home Loan (LAHL) is a Government-backed mortgage for creditworthy applicants who cannot get sufficient funding from commercial banks to purchase or build a home. It has been available nationwide from local authorities since 4 January 2022 for first-time buyers and fresh start applicants. Applicants who meet the Fresh Start criteria may apply to the Local Authority Home Loan Scheme.

Each local authority processes applications, makes decisions on approvals and issues funds for drawdown under the Local Authority Home Loan scheme. Information about the specific eligibility criteria under which applicants apply, such as the Fresh Start principle, are not reported by local authorities

My Department 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).

Information on drawdowns, approvals, average drawdowns, and average approvals for the Local Authority Home Loan is available on my Department’s website at the following link, which is updated as soon as figures are available: www.gov.ie/en/collection/42d2f-local-authority-loan-activity/#local-authority-loans-approvedpaid