Dáil Éireann Debate, Tuesday - 23 October 2018
691. Deputy Tony McLoughlin asked the Minister for Housing, Planning and Local Government the number of Rebuilding Ireland home loan applications that have been accepted and rejected; the percentage comparison between those accepted and rejected from the launch of the programme until October 2018, by county in tabular form; and if he will make a statement on the matter. [43506/18]
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 does not directly collect information on the number of loan applications received by each local authority.
However, as is currently the case, my Department will continue to publish information on the overall number and value of (i) local authority loan approvals and (ii) local authority loan drawdowns. Information up to Q2 2018 is available on the Department's website at the following link: http://www.housing.gov.ie/housing/statistics/house-prices-loans-and-profile-borrowers/local-authority-loan-activity, and this information is updated on a quarterly basis as additional data is compiled.
In addition, the Housing Agency provides a central support service which assesses 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 figures, as at the end of September, indicate that the Agency had received a total of 2,933 applications for assessment from local authorities.
Of the 2,933 applications received, 2,354 were deemed to be valid. Of these valid applications, 2,222 had been assessed and 1,134 of these (51%) had been recommended for approval. A breakdown by local authority of the 1,134 applications recommended for approval and the 1,088 recommended to be declined is set out in the table below.
|
Local Authority |
Valid Applications Assessed |
Recommended to Approve |
% Approved |
Recommended to Decline |
% Declined |
|
Carlow County Council |
40 |
15 |
37.5 |
25 |
62.5 |
|
Cavan County Council |
7 |
1 |
14.3 |
6 |
85.7 |
|
Clare County Council |
40 |
14 |
35.0 |
26 |
65.0 |
|
Cork City Council |
77 |
37 |
48.1 |
40 |
51.9 |
|
Cork County Council |
169 |
93 |
55.0 |
76 |
45.0 |
|
Donegal County Council |
21 |
13 |
61.9 |
8 |
38.1 |
|
Dublin City Council |
263 |
163 |
62.0 |
100 |
38.0 |
|
Dún Laoghaire - Rathdown County Council |
53 |
33 |
62.3 |
20 |
37.7 |
|
Fingal County Council |
321 |
156 |
48.6 |
165 |
51.4 |
|
Galway City Council |
46 |
22 |
47.8 |
24 |
52.2 |
|
Galway County Council |
83 |
32 |
38.6 |
51 |
61.4 |
|
Kerry County Council |
60 |
26 |
43.3 |
34 |
56.7 |
|
Kildare County Council |
142 |
72 |
50.7 |
70 |
49.3 |
|
Kilkenny County Council |
22 |
11 |
50.0 |
11 |
50.0 |
|
Laois County Council |
54 |
27 |
50.0 |
27 |
50.0 |
|
Leitrim County Council |
9 |
2 |
22.2 |
7 |
77.8 |
|
Limerick City & County Council |
46 |
28 |
60.9 |
18 |
39.1 |
|
Longford County Council |
22 |
12 |
54.5 |
10 |
45.5 |
|
Louth County Council |
50 |
19 |
38.0 |
31 |
62.0 |
|
Mayo County Council |
30 |
13 |
43.3 |
17 |
56.7 |
|
Meath County Council |
155 |
101 |
65.2 |
54 |
34.8 |
|
Monaghan County Council |
10 |
2 |
20.0 |
8 |
80.0 |
|
Offaly County Council |
27 |
10 |
37.0 |
17 |
63.0 |
|
Roscommon County Council |
23 |
11 |
47.8 |
12 |
52.2 |
|
Sligo County Council |
26 |
16 |
61.5 |
10 |
38.5 |
|
South Dublin County Council |
167 |
84 |
50.3 |
83 |
49.7 |
|
Tipperary County Council |
58 |
23 |
39.7 |
35 |
60.3 |
|
Waterford City & County Council |
20 |
10 |
50.0 |
10 |
50.0 |
|
Westmeath County Council |
17 |
11 |
64.7 |
6 |
35.3 |
|
Wexford County Council |
66 |
33 |
50.0 |
33 |
50.0 |
|
Wicklow County Council |
98 |
44 |
44.9 |
54 |
55.1 |
|
Total |
2,222 |
1,134 |
51.0 |
1088 |
49.0 |
Each local authority must have in place a credit committee and it is a matter for that committee to make the decision on applications for loans, in accordance with the regulations, having regard to the recommendations made by the Housing Agency.
