Tuesday, 11 June 2019

Ceisteanna (991)

Mary Butler

Ceist:

991. Deputy Mary Butler asked the Minister for Housing, Planning and Local Government the number of applications made in 2018, by county for the Rebuilding Ireland home loan scheme; the number of applications approved; the value of applications versus funds approved in tabular form; his plans for the scheme; and if he will make a statement on the matter. [24106/19]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Housing)

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 recommended for approval. The figures, as at the end of December 2018, indicate that out of the 3,036 applications assessed, the Agency had recommended a total of 1,550 applications for approval since the Rebuilding Ireland home loan scheme launched, as set out in the table below:

Local Authority 

Applications Assessed

Recommended to Approve 

Carlow County Council 

46

16

Cavan County Council 

12

7

Clare County Council 

48

19

Cork City Council 

101

53

Cork County Council 

222

133

Donegal County Council 

29

18

Dublin City Council 

339

215

Dún Laoghaire - Rathdown County Council 

72

45

Fingal County Council 

410

229

Galway City Council 

62

30

Galway County Council 

102

41

Kerry County Council 

78

40

Kildare County Council 

171

87

Kilkenny County Council 

25

15

Laois County Council 

70

36

Leitrim County Council 

9

2

Limerick City & County Council 

76

46

Longford County Council 

29

15

Louth County Council 

67

31

Mayo County Council 

40

18

Meath County Council 

185

124

Monaghan County Council 

17

6

Offaly County Council 

35

14

Roscommon County Council 

26

13

Sligo County Council 

36

20

South Dublin County Council 

206

112

Tipperary County Council 

76

29

Waterford City & County Council 

32

14

Westmeath County Council 

21

17

Wexford County Council 

80

43

Wicklow County Council 

128

62

Total 

3,036

1,550

The average loan amount requested across the 3,036 applications assessed in 2018 was €160,473 and the average loan amount for all applications recommended for approval was €189,045. The total amount recommended for approval from 1 February 2018, when the scheme began, to end December 2018 was €293 million.

In addition, a further 648 applications were deemed invalid and therefore not assessed.  

Applications are considered invalid for reasons of:

- Not a first-time buyer (ineligible)

- Earning income which exceeds scheme limits (ineligible)

- Not in continuous employment for the minimum period (ineligible)

- No right to remain in Ireland (ineligible)

- All required sections of the application form not completed (incomplete)

- Not providing the supporting documents described in the applicant checklist (incomplete)

Each local authority must have in place a credit committee and it is a matter for the committee to make the decision on applications for loans, in accordance with the regulations, having regard to the recommendations made by the Housing Agency.