Shared Ownership Scheme

Dáil Éireann Debate, Wednesday - 20 September 2017

Wednesday, 20 September 2017

Questions (795)

Eoin Ó Broin

Question:

795. Deputy Eoin Ó Broin asked the Minister for Housing, Planning and Local Government the number of shared ownership loans and first-time buyer's loans in each local authority issued since these schemes came into existence, in tabular form; the number of each category currently in mortgage arrears of less than and more than 90 days; the number of properties repossessed as a result of mortgage arrears; the number of properties that were voluntarily sold; the value of these mortgages; and the value of the arrears on these mortgages. [39672/17]

Written answers

Minister for Housing, Planning and Local Government

The Shared Ownership Scheme was introduced in 1991 and was stood down in 2011.  From 1991 to 2010, a total of 16,492 loans were issued under the scheme, of which 3,585 remained at the end of Q1 2017.  The attached table gives a breakdown of outstanding Shared Ownership loans by local authority at the end of Q1 2017.

Table 1: Shared Ownership Loans by Local Authority Area at end Q1 2017

Local Authority	Total
Carlow County Council	28
Cavan County Council	25
Clare County Council	113
Cork City Council	70
Cork County Council	405
DLR County Council	70
Donegal County Council	149
Dublin City Council	858
Fingal County Council	176
Galway City Council	15
Galway County Council	47
Kerry County Council	65
Kildare County Council	295
Kilkenny County Council	87
Laois County Council	200
Leitrim County Council	3
Limerick City and County Council	114
Longford County Council	35
Louth County Council	11
Mayo County Council	26
Meath County Council	61
Monaghan County Council	21
Offaly County Council	18
Roscommon County Council	12
Sligo County Council	100
South Dublin County Council	121
Tipperary County Council	102
Waterford City and County Council	209
Westmeath County Council	65
Wexford County Council	33
Wicklow County Council	51
Grand Total	3585

To ensure effective targeting of limited resources, local authority house purchase loan finance, including finance advanced in the past for the purchase of properties under the Shared Ownership Scheme, is targeted at first time buyers only. 

The information requested in relation to loans advanced by each local authority, local authority mortgage arrears and local authority repossessions (both forced and voluntary) is available on my Department's website at the following link: http://www.housing.gov.ie/housing/statistics/house-prices-loans-and-profile-borrowers/local-authority-loan-activity.  This data is not broken down by loan type.