The Housing Agency provides a central support service that 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 number of Rebuilding Ireland Home loan applications that it has underwritten for each local authority, from February 2018 up to the end of January 2022 are set out in the below table:
Local Authority
|
Applications Underwritten
|
Recommended to Approve
|
Carlow County Council
|
159
|
66
|
Cavan County Council
|
45
|
24
|
Clare County Council
|
171
|
74
|
Cork City Council
|
466
|
205
|
Cork County Council
|
860
|
412
|
Donegal County Council
|
128
|
57
|
Dublin City Council
|
1184
|
719
|
Dún Laoghaire-Rathdown County Council
|
223
|
124
|
Fingal County Council
|
1258
|
721
|
Galway City Council
|
205
|
118
|
Galway County Council
|
312
|
113
|
Kerry County Council
|
365
|
136
|
Kildare County Council
|
490
|
243
|
Kilkenny County Council
|
169
|
93
|
Laois County Council
|
242
|
117
|
Leitrim County Council
|
67
|
19
|
Limerick City & County Council
|
257
|
135
|
Longford County Council
|
137
|
66
|
Louth County Council
|
287
|
130
|
Mayo County Council
|
151
|
61
|
Meath County Council
|
523
|
338
|
Monaghan County Council
|
119
|
36
|
Offaly County Council
|
109
|
46
|
Roscommon County Council
|
115
|
48
|
Sligo County Council
|
139
|
60
|
South Dublin County Council
|
635
|
321
|
Tipperary County Council
|
276
|
123
|
Waterford City & County Council
|
282
|
103
|
Westmeath County Council
|
120
|
70
|
Wexford County Council
|
384
|
183
|
Wicklow County Council
|
479
|
199
|
Total
|
10357
|
5160
|
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).
Local Authority drawdowns, approvals, average drawdowns, and average approvals to Q2 2021 is available at the following link, which will be updated, as updated figures are available:
www.gov.ie/en/collection/42d2f-local-authority-loan-activity/#local-authority-loans-approvedpaid.
The Local Authority Home Loan is the successor to the Rebuilding Ireland Home Loan and has been available nationwide from local authorities since 4 January 2022. Data is collected separately for the Rebuilding Ireland Home Loan and the Local Authority Home Loan schemes.