Dáil Éireann Debate, Tuesday - 18 September 2018
792. Deputy Gerry Adams asked the Minister for Housing, Planning and Local Government the number of applications received in County Louth for Rebuilding Ireland home loans since the commencement of the scheme; the number of applications deemed valid and invalid, respectively; the number of applications approved; and the number of applications drawn down to date in tabular form. [37384/18]
View answerAs with the previous local authority home loan offerings, loan applications under the Rebuilding Ireland Home Loan are made directly to the local authority in whose area the property proposed for purchase is situated.
My Department continues to publish information on the overall number and value of (i) local authority loan approvals and (ii) local authority loan drawdowns. Information up to Q4 2017 is available on the Department's website at the following link: http://www.housing.gov.ie/housing/statistics/house-prices-loans-and-profile-borrowers/local-authority-loan-activity, and this information will be updated on a quarterly basis as additional data is compiled.
The Housing Agency provides a central support service which assesses loan applications that are made to the local authorities and makes recommendations to the authorities as to whether loans should be offered to applicants.
I have asked the Agency to centrally compile figures on the numbers of applications it has recommended to approve by local authority. The most recent figures, as at the end of August are displayed in the following table -
|
Year |
Expenditure |
|
2015 |
€15.64m |
|
2016 |
€57.69m |
|
2017 |
€152.69m |
Each local authority must have in place a credit committee and it is a matter for the committee to make the final decision on all loan applications, in accordance with the regulations, having regard to the recommendations made by the Housing Agency.
