Eoin Ó Broin (Dublin Mid West, Sinn Fein)
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830. To ask the Minister for Housing, Planning, and Local Government the number of local authority mortgages approved in 2024 and drawn down in 2024; the average amount approved; and the average amount drawn down, with a breakdown by local authority area, in tabular form. [2092/25]

Darragh O'Brien (Dublin Fingal East, Fianna Fail)
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Applications for a Local Authority Home Loan and the Local Authority Purchase and Renovation Loan are made through the individual Local Authorities and the final decision on loan approval is a matter for the relevant local authority and its Credit Committee on a case-by-case basis.

Decisions on all housing loan applications must be made in accordance with the Regulations establishing the scheme and the Credit Policy that underpins the scheme, in order to ensure prudence and consistency in approaches in the best interests of both borrowers and the lenders, the 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 Local Authority Home Loans [and its predecessor] are available on my Department’s website at the following link, which will be updated for Q4 2024 as soon as figures are available:

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