Home Loan Scheme

Thursday, 4 March 2021

Questions (88)

Bernard Durkan

Question:

88. Deputy Bernard J. Durkan asked the Minister for Housing, Local Government and Heritage if he will ensure that the local authority housing loan system and the Rebuilding Ireland loan scheme are restructured in such a way as to meet 40% of local authority demand in their administrative area; and if he will make a statement on the matter. [12437/21]

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Written answers

Minister for Housing, Local Government and Heritage

€210 million has been secured to allow local authorities to lend through the Rebuilding Ireland Home Loan (RIHL) scheme in 2021. Allocations for new lending approvals in 2021 have already been communicated to all 31 local authorities.

The RIHL is a demand led scheme driven by the number of applications received by each local authority. Based on lending activity in recent years, €210 million should be sufficent to meet overall approvals for the RIHL.

Questions Nos. 89 and 90 answered with Question No. 87.

Questions Nos. 91 and 92 answered with Question No. 79.

Question No. 93 answered with Question No. 87.