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Local Authority Housing Mortgages

Dáil Éireann Debate, Thursday - 20 September 2012

Thursday, 20 September 2012

Ceisteanna (147, 148)

Éamon Ó Cuív

Ceist:

147. Deputy Éamon Ó Cuív asked the Minister for the Environment; Community and Local Government if the rules in relation to the maximum size of property eligible under the home choice loan scheme are absolute in all cases or whether there are any exceptions allowed; and if he will make a statement on the matter. [39894/12]

Amharc ar fhreagra

Éamon Ó Cuív

Ceist:

148. Deputy Éamon Ó Cuív asked the Minister for the Environment; Community and Local Government the number of approvals given to date under the home choice loan scheme; the number of loans paid out to date; and if he will make a statement on the matter. [39895/12]

Amharc ar fhreagra

Freagraí scríofa

I propose to take Questions Nos. 147 and 148 together.

Details relating to the maximum size of property eligible under the Home Choice Loan are set out in the Housing (Home Choice Loan) Regulations 2009. These specify that loans may not be made available for the purchase or construction of a house where the total floor area of the house is, or would exceed, 175 square metres. This is a general eligibility criterion which applies to all applications.

The following table sets out the position in relation to activity under the Home Choice Loan scheme.

-

2009

2010

2011

2012

Total

Approvals

4

6

3

5

18

Loans drawn down

4

6

3

2

15

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