I propose to take Questions Nos. 124 and 511 together.
The maximum loan which may be advanced by a local authority for social and affordable housing schemes is €185,000 and subject to this limit, a loan of up to 95% of the price of the house may be made available. It is a matter for local authorities to determine the amount on the loan in each case up to the limit and subject to the borrower's ability to repay. In order to ensure the optimal use of resources, the prioritisation of funding for lower income groups and to avoid any significant impact on house process in their areas, authorities may apply lower limits to reflect local market conditions.
The existing loan limit is currently under review having regard to movement in house prices and the effectiveness of the various schemes in meeting the needs of target groups.