Dáil Éireann Debate, Tuesday - 3 November 2020
396. Deputy Eoin Ó Broin asked the Minister for Finance the number of applications for loans to Home Building Finance Ireland since its establishment; the number of loan approvals; the number of loan drawdowns; the monetary value of the applications, approvals and drawdowns; and the number of units of accommodation involved in the applications, approvals and drawdowns to date. [32327/20]
Amharc ar fhreagraI am advised by HBFI that it recently issued a mid-year update on its business performance to 31st July 2020. Further details are available at https://www.hbfi.ie/news/hbfi-trebles-loan-approvals-to-340m-in-six-months-to-july-2020.
To deal more specifically with the Deputy’s queries:
- 89 loan applications with a value of €907 million were received to end July.
- 29 loans were approved with a value of €340 million to support 1,477 new homes to end July.
- 17 are recent applications and were going through the assessment process at the end of July.
- 12 applications were declined by HBFI as they were not capable of meeting HBFI’s risk and credit criteria to protect taxpayer capital.
- In the remaining 31 applications, customers either did not proceed with the housing scheme or they secured funding elsewhere.
