Paul Donnelly
Question:923. Deputy Paul Donnelly asked the Minister for Housing, Planning and Local Government if his attention has been drawn to issues with funding for the Rebuilding Ireland loan fund for 2020. [12529/20]
View answerTuesday, 23 June 2020
Questions (923)
Written answers
The Rebuilding Ireland Home Loan (RIHL) was launched on 1 February 2018. When the RIHL was initially being developed, it was estimated that the drawdown of loans under the scheme would be approximately €200 million over three years. The RIHL proved to be more successful than initially anticipated and following discussions with the Department of Public Expenditure and Reform, an increase in funding to €363.6 million for 2018-2019 was communicated to all 31 local authorities on 15th August 2019.
Following further engagement with the Department of Public Expenditure and Reform, additional funding for new lending of up to €210 million has been secured to ensure the continuation of the RIHL in 2020. Details of their 2020 allocations have been communicated to all 31 local authorities.