Dáil Éireann Debate, Tuesday - 7 November 2023
594. Deputy Ivana Bacik asked the Minister for Housing, Local Government and Heritage the number of applicants for a local authority home loan in 2023; the number of approvals for a local authority home loan in 2023; and the total amount drawn down in local authority home loans in 2023 in each local authority, in tabular form. [47278/23]
View answerThe Local Authority Home Loan (LAHL) is a Government-backed mortgage for creditworthy applicants who cannot get sufficient funding from commercial banks to purchase or build a home. It has been available nationwide from local authorities since 4 January 2022 for first-time buyers and fresh start applicants. The loan can be used both for new and second-hand properties, or to self-build.
The Housing Agency provides a central support service that assesses applications for the Local Authority Home Loan on behalf of local authorities and makes recommendations to the authorities to approve or refuse applications.
The final decision on loan approval is a matter for the relevant local authority and its Credit Committee on a case-by-case basis. Decisions on all housing loan applications must be made in accordance with the Regulations establishing the scheme and the credit policy that underpins the scheme, in order to ensure prudence and consistency in approaches in the best interests of both borrowers and the lending local authorities.
The most recent figures provided by the Agency on the number of valid Local Authority Home loan applications that it has assessed for each local authority, from 1 January 2023 up to the end of September 2023 are set out in the below table:
|
Local Authority |
Applications Assessed |
Recommended to Approve |
|
Carlow County Council |
24 |
7 |
|
Cavan County Council |
21 |
9 |
|
Clare County Council |
25 |
9 |
|
Cork City Council |
65 |
21 |
|
Cork County Council |
128 |
46 |
|
Donegal County Council |
16 |
3 |
|
Dublin City Council |
126 |
78 |
|
Dún Laoghaire-Rathdown County Council |
27 |
13 |
|
Fingal County Council |
98 |
49 |
|
Galway City Council |
47 |
27 |
|
Galway County Council |
43 |
16 |
|
Kerry County Council |
38 |
16 |
|
Kildare County Council |
75 |
34 |
|
Kilkenny County Council |
30 |
16 |
|
Laois County Council |
18 |
12 |
|
Leitrim County Council |
13 |
2 |
|
Limerick City & County Council |
25 |
14 |
|
Longford County Council |
17 |
11 |
|
Louth County Council |
72 |
28 |
|
Mayo County Council |
10 |
5 |
|
Meath County Council |
69 |
48 |
|
Monaghan County Council |
17 |
4 |
|
Offaly County Council |
13 |
3 |
|
Roscommon County Council |
34 |
13 |
|
Sligo County Council |
11 |
4 |
|
South Dublin County Council |
54 |
28 |
|
Tipperary County Council |
30 |
13 |
|
Waterford City & County Council |
63 |
16 |
|
Westmeath County Council |
18 |
7 |
|
Wexford County Council |
55 |
13 |
|
Wicklow County Council |
35 |
12 |
|
Total |
1317 |
577 |
