Dáil Éireann Debate, Thursday - 6 December 2018
280. Deputy Fergus O'Dowd asked the Minister for Housing, Planning and Local Government the number of loans applied for to date in 2018 from the home purchase scheme provided through Louth County Council and Meath County Council; and the final amount approved in each county following the applications. [51322/18]
View answerMy Department publishes information on the overall number and value of (i) local authority loan approvals and (ii) local authority loan drawdowns. Information up to Q2 2018, including in relation to number and value of mortgage drawdowns, 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.
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 recommended for approval.
The most recent figures, as at the end of November, for Louth and Meath, are provided in the following table.
|
Local Authority |
Applications Received |
Recommended to approve by Housing Agency |
|
Louth County Council |
67 |
29 |
|
Meath County Council |
185 |
115 |
Each local authority must have in place a credit committee and it is a matter for the committee to make the final decision on applications for loans, in accordance with the regulations, having regard to the recommendations made by the Housing Agency.
