Dáil Éireann Debate, Tuesday - 16 October 2018
664. Deputy Mattie McGrath asked the Minister for Housing, Planning and Local Government the number of Rebuilding Ireland home loans applied for in County Tipperary since its introduction; the number of approved and refused applicants, respectively; and if he will make a statement on the matter. [42295/18]
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 for County Tipperary, as at the end of September, are set out as follows.
|
Local Authority |
Applications Underwritten by HA |
Applications Recommended for Refusal by HA |
Applications Recommended to Approve by HA |
|
Tipperary County Council |
58 |
35 |
23 |
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.
