Tuesday, 9 October 2018

Questions (531)

Bríd Smith

Question:

531. Deputy Bríd Smith asked the Minister for Housing, Planning and Local Government the number of applicants for the Rebuilding Ireland home loan scheme; the number who have been granted the requested loan; and the counties in which these applicants reside, in tabular form. [40920/18]

View answer

Written answers (Question to Housing)

As 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 does not directly collect information on the number of loan applications received by each local authority.

However, as is currently the case, my Department will continue 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 is updated on a quarterly basis as additional data is compiled.

In addition, 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 that it has assessed and the most recent figures, as at the end of September, indicate that the Agency had received a total of 2,933 applications for assessment from local authorities.

Of the 2,933 applications received, 2,354 were deemed to be valid. Of these valid applications, 2,222 had been assessed and 1,134 of these (51%) had been recommended for approval. A breakdown by local authority of the 1,134 applications recommended for approval is set out in the following table.

Local Authority

Applications Recommended to Approve by HA

Carlow County Council

15

Cavan County Council

1

Clare County Council

14

Cork City Council

37

Cork County Council

93

Donegal County Council

13

Dublin City Council

163

Dun Laoghaire–Rathdown County Council

33

Fingal County Council

156

Galway City Council

22

Galway County Council

32

Kerry County Council

26

Kildare County Council

72

Kilkenny County Council

11

Laois County Council

27

Leitrim County Council

2

Limerick City & County

28

Longford County Council

12

Louth County Council

19

Mayo County Council

13

Meath County Council

101

Monaghan County Council

2

Offaly County Council

10

Roscommon County Council

11

Sligo County Council

16

South Dublin County Council

84

Tipperary County Council

23

Waterford City & County Council

10

Westmeath County Council

11

Wexford County Council

33

Wicklow County Council

44

Total

1,134

Each local authority must have in place a credit committee and it is a matter for the committee to make the decision on applications for loans, in accordance with the regulations, having regard to the recommendations made by the Housing Agency.