Dáil Éireann Debate, Tuesday - 27 July 2021
638. Deputy Eoin Ó Broin asked the Minister for Housing, Local Government and Heritage the number of Rebuilding Ireland home loans applied for, approved and drawn down each month to date in 2021, by local authority; and the average amount of each approval and each drawdown. [39540/21]
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 provided by the Agency on the numbers of applications that it has assessed and recommended for approval for each local authority, for each month up to the end of June 2021 are attached in table format.
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 the first quarter of 2021 will be available in due course at the below link -
www.gov.ie/en/collection/42d2f-local-authority-loan-activity/#local-authority-loans-approvedpaid.
