Dáil Éireann Debate, Wednesday - 22 January 2025
794. Deputy Paul Lawless asked the Minister for Housing, Local Government and Heritage the total number of persons who have applied for the local authority purchase and renovation loan in each local authority in each of the past five years, in tabular form. [1611/25]
View answer795. Deputy Paul Lawless asked the Minister for Housing, Local Government and Heritage the total number of persons who have successfully availed of the local authority purchase and renovation loan in each local authority in each of the past five years, in tabular form. [1612/25]
View answer796. Deputy Paul Lawless asked the Minister for Housing, Local Government and Heritage the total number of rejected applications for the local authority purchase and renovation loan in each local authority in each of the past five years, in tabular form. [1613/25]
View answerThe Local Authority Purchase and Renovation Loan (LAPR) came into effect on 22 July 2024. The LAPR is an expansion of the Local Authority Home Loan, and supports the purchase and/or renovation of vacant or derelict homes which are eligible for the existing Vacant Property Refurbishment Grant.
The LAPR is for creditworthy first-time buyers and fresh start applicants who cannot get sufficient funding from commercial banks to purchase and/or renovate a vacant or derelict property. The introduction of the LAPR loan supports the Government's policy of bringing vacant or derelict homes back into use. Eligibility for the loan is subject to applicants meeting existing local authority mortgage eligibility criteria, as well as the renovation project meeting the scheme's lending criteria. Further information on the scheme is available on the dedicated website www.purchaseandrenovationloan.ie.
Information on LAPR drawdowns will be compiled as part of the normal local authority quarterly reporting process. As the scheme only commenced in Q3 2024, information is not yet available on drawdowns or applications.
