Dáil Éireann Debate, Thursday - 5 December 2019
411. Deputy Darragh O'Brien asked the Minister for Housing, Planning and Local Government the number of Rebuilding Ireland home loans approved; the number of loans drawn down; the average loan approved; the amount approved; the draw down in this regard; and the number of loan applications rejected by the Housing Agency in each of the months since the scheme was introduced by county in tabular form. [50714/19]
View answerThe 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. Housing Agency recommendations are then considered by the Credit Committee in each local authority, which issues loan approvals.
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, and having regard to the recommendations made by the Housing Agency.
I have asked the Agency to compile figures on the numbers of applications that it has assessed and recommended to approve since the scheme began. In 2018, the Housing Agency assessed 3,036 valid applications. Of these, it recommended 1,550 for approval. For 2019, as of end-October 2019, the Housing Agency have assessed 2,271 valid applications of which 1,133 have been recommended for approval.
|
Local Authority |
Total Applications Assessed |
Total Applications Recommended for Approval |
|
Carlow County Council |
73 |
28 |
|
Cavan County Council |
24 |
9 |
|
Clare County Council |
87 |
36 |
|
Cork City Council |
217 |
96 |
|
Cork County Council |
414 |
209 |
|
Donegal County Council |
51 |
22 |
|
Dublin City Council |
610 |
368 |
|
Dún Laoghaire - Rathdown County Council |
142 |
78 |
|
Fingal County Council |
756 |
424 |
|
Galway City Council |
109 |
58 |
|
Galway County Council |
194 |
63 |
|
Kerry County Council |
144 |
59 |
|
Kildare County Council |
200 |
107 |
|
Kilkenny County Council |
61 |
31 |
|
Laois County Council |
125 |
61 |
|
Leitrim County Council |
19 |
5 |
|
Limerick City & County Council |
143 |
85 |
|
Longford County Council |
55 |
26 |
|
Louth County Council |
152 |
59 |
|
Mayo County Council |
82 |
32 |
|
Meath County Council |
324 |
212 |
|
Monaghan County Council |
64 |
21 |
|
Offaly County Council |
58 |
23 |
|
Roscommon County Council |
59 |
23 |
|
Sligo County Council |
72 |
34 |
|
South Dublin County Council |
373 |
194 |
|
Tipperary County Council |
152 |
67 |
|
Waterford City & County Council |
115 |
39 |
|
Westmeath County Council |
56 |
34 |
|
Wexford County Council |
161 |
80 |
|
Wicklow County Council |
215 |
100 |
|
Total |
5,307 |
2,683 |
My Department publishes information on the overall number and value of (i) local authority loan approvals and (ii) local authority loan drawdowns. Local authority approval means that an official letter of offer has been sent to a borrower (and therefore relates to a specific property and loan amount). Information on the RIHL for Quarter 2 2019, including in relation to the number and value of mortgage approvals and 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.
