Tuesday, 24 September 2019

Ceisteanna (543, 544)

Darragh O'Brien

Ceist:

543. Deputy Darragh O'Brien asked the Minister for Housing, Planning and Local Government the amount spent under the shared ownership scheme from its inception to its abolition, in tabular form; and if he will make a statement on the matter. [38409/19]

Amharc ar fhreagra

Darragh O'Brien

Ceist:

544. Deputy Darragh O'Brien asked the Minister for Housing, Planning and Local Government his plans to recommence the shared ownership scheme; and if he will make a statement on the matter. [38410/19]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Housing)

I propose to take Questions Nos. 543 and 544 together.

In 2011, the Government announced the standing down of all affordable housing schemes, including the Shared Ownership scheme, given the changes in the property and lending markets. From 1991 to 2010, a total of 16,492 loans were issued under the scheme, of which 2,997 remained in place at the end of 2018.

Data in relation to the number of loans issued under the Shared Ownership scheme, broken down by year and local authority area is available on my Department's website at the following link:

http://www.housing.gov.ie/housing/statistics/affordable-housing/affordable-housing-and-part-v-statistics.

My Department also publishes the number and value of all local authority mortgages drawn down, broken down by year, at the following link: https://www.housing.gov.ie/housing/statistics/house-prices-loans-and-profile-borrowers/local-authority-loan-activity, under the heading "Local authority loans approved/paid". However, this data does not provide a specific breakdown in respect of the value of loans issued under the Shared Ownership scheme.

There are no plans at this time to develop a new Shared Ownership scheme. Affordable housing for purchase, on public lands, is being brought forward under a form of shared equity, as provided for under Part 5 of the Housing ( Miscellaneous Provisions) Act 2009.