Dáil Éireann Debate, Thursday - 23 June 2016
153. Deputy Michael McGrath asked the Minister for the Environment, Community and Local Government the number and value of mortgage loans issued under the home choice loan scheme for first-time buyers since 2011 and in 2016 to date by year and by local authority in tabular form; and if he will make a statement on the matter. [17860/16]
View answerThe information requested is set out in the table. The Home Choice Loan (HCL) is a mortgage for first time buyers provided by local authorities. The terms and conditions of this loan are set out in the specific regulations – the Housing (Home Choice Loan) Regulations 2009 – a copy of which is available at http://www.irishstatutebook.ie/eli/2009/si/544/made/en/print.
Further details in relation to the Home Choice Loan can be found at http://www.homechoiceloan.ie/.
Home Choice Loans are advanced and administered by four lead local authorities - Dublin City Council, Cork City Council , Kilkenny County Council and Galway County Council - that operate on behalf of all other local authorities. To support local authorities in operating the HCL in a consistent and efficient manner, the Housing Agency provides a central underwriting service to local authorities. The final decision on loan approval is a matter for the relevant local authority and its credit committee on a case-by-case basis and in accordance with the statutory Credit Policy that underpins the scheme.
I will continue to keep the operation of the HCL under review.
|
Year |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
||||||
|
Local Authority |
Total loan value |
No. |
Total loan value |
No. |
Total loan value |
No. |
Total loan value |
No. |
Total loan value |
No. |
Total loan value |
No. |
|
Cork City |
€143,400 |
1 |
€193,200 |
1 |
€0 |
0 |
€0 |
0 |
€0 |
0 |
€0 |
0 |
|
Dublin City |
€410,875 |
2 |
€483,200 |
3 |
€276,000 |
1 |
€318,000 |
2 |
€0 |
0 |
€0 |
0 |
|
Galway |
€0 |
0 |
€100,000 |
1 |
€0 |
0 |
€0 |
0 |
€0 |
0 |
€0 |
0 |
|
Kilkenny |
€0 |
0 |
€0 |
0 |
€0 |
0 |
€0 |
0 |
€0 |
0 |
€0 |
0 |
