Dáil Éireann Debate, Tuesday - 19 June 2018
576. Deputy Michael McGrath asked the Minister for Housing, Planning and Local Government the number of applications to date under the Rebuilding Ireland home loan scheme; the number and value of approvals to date; and if he will make a statement on the matter. [26259/18]
Amharc ar fhreagraThe Housing Agency provides a central support service for the Rebuilding Ireland Home Loan scheme by assessing valid loan applications that are made to the local authorities and make recommendations to the authorities as to whether loans should be offered to applicants. I have asked the Agency to centrally compile figures of the numbers of applications that it has assessed.
The most recent figures, as at the end of May, indicate that the Agency has received a total of 1,499 applications for assessment from local authorities, 1,150 of which were deemed to be valid. Of these valid applications, 876 have been assessed and 52% of the valid applications that have been assessed by the Agency have been recommended for approval.
The average loan amount for applications recommended for approval was €189,133.
It is subsequently a matter for the relevant local authority credit committee to ultimately determine whether a loan application is approved, having regard to the Agency's recommendation.
