Dáil Éireann Debate, Wednesday - 14 July 2021
149. 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 number that have been successful; the number that have been refused; and if he will make a statement on the matter. [38644/21]
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. 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 June 2021, from the Agency on the numbers of applications that it has assessed and recommended for approval for Cavan County Council since the scheme began, are provided below:
Applications Assessed 34
Recommended to Approve 15
Recommended to Decline 19
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 2020 are available at the following link: www.gov.ie/en/collection/42d2f-local-authority-loan-activity/#local-authority-loans-approvedpaid.
Figures for 2018 are also available through the link however these are not broken down by loan type. Figures for the first quarter of 2021 will be made available through this link in due course.
