Dáil Éireann Debate, Tuesday - 21 May 2024
343. Deputy Peadar Tóibín asked the Minister for Housing, Local Government and Heritage the number of houses that have been purchased with the use of a local authority home loan in each local authority in each year. [22471/24]
View answerThe Local Authority Home Loan is a Government-backed mortgage for those 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. It is the successor to the Rebuilding Ireland Home Loan which commenced on 1 February 2018. My Department regularly publishes information on the number and value of (i) local authority loan approvals and (ii) local authority loan drawdowns. Information on the dwelling type associated with loans drawn down is also published at the following link:www.gov.ie/en/collection/42d2f-local-authority-loan-activity/#local-authority-loans-approvedpaid
