Dáil Éireann Debate, Tuesday - 24 July 2018
2679. Deputy John Curran asked the Minister for Housing, Planning and Local Government the average loan amount that has been approved in the Dublin region under the Rebuilding Ireland home loan scheme; and if he will make a statement on the matter. [33661/18]
Amharc ar fhreagraAs with the previous local authority home loan offerings, loan applications under the Rebuilding Ireland Home Loan are made directly to the local authority in whose area the property proposed for purchase is situated.
My Department publishes information on the overall number and value of (i) local authority loan approvals and (ii) local authority loan drawdowns. Information up to Q4 2017 is available on the Department's website at the following link: www.housing.gov.ie/housing/statistics/house-prices-loans-and-profile-borrowers/local-authority-loan-activity, and this information will be updated on a quarterly basis as additional data is compiled. As the Rebuilding Ireland Home Loan scheme was launched in February of this year information on it is not yet available.
The Housing Agency provides a central support service which assesses valid loan applications that are made to the local authorities and makes recommendations to the authorities as to whether loans should be offered to applicants.
I have asked the Agency to centrally compile figures on the numbers of applications that it has assessed and the most recent data, as at the end of June, indicate that the average loan amount recommended for approval under the Rebuilding Ireland Home Loan for the four Dublin local authorities was €214,523.
