Wednesday, 17 February 2021

Questions (296, 297)

Pauline Tully

Question:

296. Deputy Pauline Tully asked the Minister for Housing, Local Government and Heritage the number of applicants for Rebuilding Ireland home loans from County Cavan; the who that have been successful; the number who have been refused; and if he will make a statement on the matter. [8562/21]

View answer

Pauline Tully

Question:

297. Deputy Pauline Tully asked the Minister for Housing, Local Government and Heritage the number of applicants for Rebuilding Ireland home loans from County Monaghan; the number who have been successful; the number who have been refused; and if he will make a statement on the matter. [8563/21]

View answer

Written answers (Question to Housing)

I propose to take Questions Nos. 296 and 297 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 January 2021, from the Agency on the numbers of applications that it has assessed and recommended for approval/decline for Cavan County Council and Monaghan County Council since the scheme began, are included in the below table:

Local Authority

Applications Assessed

Recommended to Approve

Recommended to Decline

Cavan County Council

30

11

19

Monaghan County Council

94

28

66

The next stages in the process are approval and drawdown from the local authority.

My Department regularly publishes information on the 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).

Figures for 2019 and the first two quarters of 2020 are available at the following link: https://www.gov.ie/en/collection/42d2f-local-authority-loan-activity/#local-authority-loans-approvedpaid