Dáil Éireann Debate, Wednesday - 5 May 2021
283. Deputy Barry Cowen asked the Minister for Housing, Local Government and Heritage the details of funding allocated to Offaly County Council for the past three years under the Rebuilding Ireland home loan scheme. [22728/21]
View answerAllocations for new lending approvals under the Rebuilding Ireland Home Loan (RIHL) scheme are allocated each year and communicated to all 31 local authorities.
For clarity, this allocation sets out the maximum amount of RIHL loans that a local authority can approve for a given year. The loans stemming from these approvals can be drawn down in the year of allocation or in a subsequent year. Once a RIHL loan is drawndown by a borrower, the local authority subsequently draws down matching finance from the Housing Finance Agency. The actual amount of loans drawdown, which is determined by borrower demand, would be less than the allocation for new lending approvals.
Allocations for new lending approvals issued to Offaly County Council for the RIHL since 2018 are detailed in the table below. Please note the allocations for 2018 and 2019 were combined.
|
Allocation Year |
2018/2019 |
2020 |
2021 |
Grand Total |
|
Offaly |
€6,280,590 |
€750,000 |
€1,000,000 |
€8,030,590 |
