Skip to main content
Normal View

Housing Schemes

Dáil Éireann Debate, Tuesday - 26 July 2022

Tuesday, 26 July 2022

Questions (615, 624)

Paul Murphy

Question:

615. Deputy Paul Murphy asked the Minister for Housing, Local Government and Heritage the number of applications that have been received in relation to the current local authority home loan scheme in comparison to the number of loans that have been granted under this scheme in tabular form. [39701/22]

View answer

Cian O'Callaghan

Question:

624. Deputy Cian O'Callaghan asked the Minister for Housing, Local Government and Heritage the number of persons who have applied for the new local authority home loan; and if he will make a statement on the matter. [39781/22]

View answer

Written answers (Question to Housing)

I propose to take Questions Nos. 615 and 624 together.

The Local Authority Home Loan has been available nationwide from local authorities since 4 January 2022. Prior to that, the Rebuilding Ireland Home Loan was the mortgage available from local authorities. As of 4 January 2022, no new Rebuilding Ireland Home Loan applications are being accepted, although applications already in process are still being honoured.

The Housing Agency provides a central support service that assesses applications for the Rebuilding Ireland Home Loan, and its successor the Local Authority Home Loan scheme, 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 establishing the scheme and the Credit Policy that under pins the scheme, having regard to the recommendations made by the Housing Agency.

The most recent figures provided by the Housing Agency on the number of Local Authority Home Loan applications that it has assessed and recommended for approval from local authorities for 2022 up to the end of June are set out in the below table:

Local Authority

Applications Assessed

Recommended to Approve

Carlow County Council

17

6

Cavan County Council

5

4

Clare County Council

20

8

Cork City Council

33

12

Cork County Council

144

46

Donegal County Council

8

5

Dublin City Council

117

71

Dún Laoghaire-Rathdown County Council

28

12

Fingal County Council

84

53

Galway City Council

29

20

Galway County Council

55

25

Kerry County Council

32

9

Kildare County Council

58

25

Kilkenny County Council

27

19

Laois County Council

33

11

Leitrim County Council

10

4

Limerick City & County Council

36

17

Longford County Council

22

14

Louth County Council

85

24

Mayo County Council

16

9

Meath County Council

75

53

Monaghan County Council

24

9

Offaly County Council

3

2

Roscommon County Council

20

3

Sligo County Council

22

8

South Dublin County Council

88

41

Tipperary County Council

23

9

Waterford City & County Council

69

6

Westmeath County Council

18

12

Wexford County Council

45

21

Wicklow County Council

64

28

Total

1310

586

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).

Information on Local Authority Home Loan drawdowns, approvals, average drawdowns, and average approvals to Q1 2022 is available at the following link, under the folder name 'Local Authority Home Loan' which will be updated as soon as figures are available:

www.gov.ie/en/collection/42d2f-local-authority-loan-activity/#local-authority-loans-approvedpaid

Top
Share