Tuesday, 12 March 2019

Questions (699, 706, 710, 712, 727, 728)

Darragh O'Brien

Question:

699. Deputy Darragh O'Brien asked the Minister for Housing, Planning and Local Government the number of applications to the Rebuilding Ireland home loan scheme processed by the Housing Agency; the number recommended by the Housing Agency; the number refused; the number sent back for further information; the amount recommended; the number of loans under the scheme drawn down to date; the value of such loans; the corresponding data for all information requested by local authority; and if he will make a statement on the matter. [11691/19]

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Mattie McGrath

Question:

706. Deputy Mattie McGrath asked the Minister for Housing, Planning and Local Government the number of applications made under the Rebuilding Ireland home loan scheme in County Tipperary; the number that were approved; the overall loan allocation under the scheme on a county basis; and if he will make a statement on the matter. [11778/19]

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John Lahart

Question:

710. Deputy John Lahart asked the Minister for Housing, Planning and Local Government the number of applications made under the Rebuilding Ireland home loan scheme for south County Dublin. [11871/19]

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Michael Harty

Question:

712. Deputy Michael Harty asked the Minister for Housing, Planning and Local Government the number of persons in County Clare assisted in buying their first home by availing of the Rebuilding Ireland home loan scheme; the number of applicants in County Clare who have been approved but have not drawn down the funding; and if he will make a statement on the matter. [12034/19]

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Lisa Chambers

Question:

727. Deputy Lisa Chambers asked the Minister for Housing, Planning and Local Government the number of loan applications to the Rebuilding Ireland home loan scheme in County Mayo; and the number approved. [12349/19]

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Lisa Chambers

Question:

728. Deputy Lisa Chambers asked the Minister for Housing, Planning and Local Government the amount the local authority in County Mayo has been allocated under the Rebuilding Ireland home loan scheme; and the amount spent or drawn down. [12350/19]

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Written answers (Question to Housing)

I propose to take Questions Nos. 699, 706, 710, 712, 727 and 728 together.

The Housing Agency provides a central support service which assesses applications for the Rebuilding Ireland Home Loan on behalf of local authorities and makes recommendations to the authorities to approve or refuse applications. 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.

The most recent figures, as at the end of February 2019, indicate that the Housing Agency had assessed 4,153 applications since the scheme began. Of these, 674 were deemed invalid, 1,772 were recommended for approval, and 1,682 were recommended for refusal. The data provided does not include figures on the number of applications returned for further information.

The Housing Agency compiles figures on the number of applications it has assessed and subsequently recommended to approve on a county-by-county basis, and the available figures as of the end of February 2019 are as set out in the following table.

Local Authority

Applications Assessed

Recommended to Approve

Carlow County Council

48

17

Cavan County Council

18

8

Clare County Council

54

19

Cork City Council

125

63

Cork County Council

282

159

Donegal County Council

34

20

Dublin City Council

395

241

Dún Laoghaire - Rathdown County Council

92

49

Fingal County Council

490

264

Galway City Council

74

34

Galway County Council

123

46

Kerry County Council

97

41

Kildare County Council

173

87

Kilkenny County Council

30

16

Laois County Council

79

42

Leitrim County Council

11

4

Limerick City & County Council

97

55

Longford County Council

33

16

Louth County Council

89

37

Mayo County Council

57

23

Meath County Council

227

142

Monaghan County Council

25

9

Offaly County Council

44

15

Roscommon County Council

31

13

Sligo County Council

44

22

South Dublin County Council

247

128

Tipperary County Council

95

37

Waterford City & County Council

60

21

Westmeath County Council

29

19

Wexford County Council

101

54

Wicklow County Council

150

71

Total

3,454

1,772

In addition to this, my Department publishes information on the overall number and value of (i) local authority loan approvals and (ii) local authority loan drawdowns. Information up to the end of Quarter 3 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.

As part of the Review of the operation of the Rebuilding Ireland Home Loan scheme, my Department obtained information form the local authorities on loans drawn down to the end of January. These details are set out in the following table.

Local Authority

Loans issued to end January 2019

Value of loans issued to end January 2019

Carlow County Council

5

€510,000

Cavan County Council

1

€180,000

Clare County Council

14

€1,708,622

Cork City Council

1

€120,000

Cork County Council

25

€4,058,900

Donegal County Council

3

€204,875

Dublin City Council

111

€23,525,855

Dún Laoghaire - Rathdown County Council

5

€1,264,500

Fingal County Council

82

€18,254,259

Galway City Council

11

€1,679,000

Galway County Council

17

€2,263,781

Kerry County Council

6

€812,600

Kildare County Council

68

€14,973,597

Kilkenny County Council

6

€803,240

Laois County Council

12

€1,836,100

Leitrim County Council

0

€0

Limerick City & County Council

2

€343,800

Longford County Council

5

€356,875

Louth County Council

10

€1,829,500

Mayo County Council

8

€793,100

Meath County Council

57

€11,051,630

Monaghan County Council

1

€67,500

Offaly County Council

0

€0

Roscommon County Council

2

€242,000

Sligo County Council

8

€869,000

South Dublin County Council

29

€6,671,918

Tipperary County Council

15

€1,524,950

Waterford City & County Council

14

€2,039,292

Westmeath County Council

6

€971,500

Wexford County Council

33

€3,771,100

Wicklow County Council

18

€3,992,475

Total

575

€106,719,969

In relation to the allocations of funding to individual local authorities under the Rebuilding Ireland Home Loan to individual local authorities, the final allocations assigned to each local authority for mortgage and home improvement loans in 2018 are detailed in the below table. These final allocations are reflective of an internal rebalancing exercise carried out by my Department in respect of the approved allocations notified to the local authorities based on estimated drawdowns for 2018 as notified by the authorities.

County Councils

Final Allocation 2018 (€)

Carlow

5,200,000

Cavan

2,100,000

Clare

4,500,000

Cork

6,000,000

DL/Rathdown

10,020,000

Donegal

2,000,000

Fingal

19,276,000

Galway

3,924,000

Kerry

3,075,000

Kildare

8,000,000

Kilkenny

6,080,000

Laois

5,500,000

Leitrim

500,000

Longford

1,200,000

Louth

4,300,000

Mayo

5,456,036

Meath

9,300,000

Monaghan

5,000,000

Offaly

1,700,000

Roscommon

1,500,000

Sligo

3,375,000

South Dublin

25,000,000

Tipperary

1,978,470

Westmeath

4,576,000

Wexford

7,000,000

Wicklow

4,000,000

City Councils

Cork

1,520,000

Dublin

50,000,000

Galway

3,000,000

City & County Councils

Limerick

2,545,916

Waterford

2,000,000

TOTAL

209,626,422

Since its launch in February 2018, the Rebuilding Ireland Home Loan has proven to be more successful than was initially anticipated. Discussions are ongoing with the Departments of Public Expenditure and Reform and Finance with regard to further funding for the scheme, and once these discussions have concluded my Department will be in touch with local authorities regarding their specific allocations for 2019. However, in the meantime the scheme remains open and all local authorities should continue to receive and process applications.