Tuesday, 9 July 2019

Questions (859, 861)

Darragh O'Brien

Question:

859. Deputy Darragh O'Brien asked the Minister for Housing, Planning and Local Government the amount drawn down under the Rebuilding Ireland home loan scheme to date; the number of applicants who have drawn down loans; and if he will make a statement on the matter. [29994/19]

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Darragh O'Brien

Question:

861. Deputy Darragh O'Brien asked the Minister for Housing, Planning and Local Government the number of applications for the Rebuilding Ireland home loan scheme; the number accepted, the number drawn down, the number refused and the number for which additional information was requested by local authority; and if he will make a statement on the matter. [29996/19]

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Written answers (Question to Housing)

I propose to take Questions Nos. 859 and 861 together.

My Department does not collect information on the number of Rebuilding Ireland Home Loan (RIHL) applications received by Local Authorities or the number of applications in respect of which additional information may have been requested. 

However, the Housing Agency provides a central support service, which assesses RIHL applications on behalf of local authorities and makes recommendations to the authorities to approve or decline applications. I have asked the Agency to compile figures on the numbers of applications that it has assessed since the scheme began. The most recent figures, as at the end of June 2019, indicate that 4,427 applications have been assessed by it since the Rebuilding Ireland Home Loan scheme launched in February 2018, of which 2,256 were recommended for approval and 2,171 recommended for decline.

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 1 2019, including in relation to the 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.