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Housing Provision

Dáil Éireann Debate, Tuesday - 2 November 2021

Tuesday, 2 November 2021

Ceisteanna (367)

Charles Flanagan

Ceist:

367. Deputy Charles Flanagan asked the Minister for Housing, Local Government and Heritage if consideration on an exceptional basis will be given to a person (details supplied) to avail of a home loan under the Rebuilding Ireland home loan scheme if the person already has a mortgage through the local authority for an affordable property; and if he will make a statement on the matter. [52551/21]

Amharc ar fhreagra

Freagraí scríofa

The Rebuilding Ireland Home Loan Scheme enables credit-worthy first-time buyers to access sustainable mortgage lending to purchase new or second-hand properties in a suitable price range, where they cannot obtain sufficient mortgage finance from a commercial lender.

As with the previous local authority loan offerings, the Rebuilding Ireland Home Loan is currently available to first-time buyers only. This is set out in the regulations governing the Scheme and ensures the effective targeting of limited resources.

The final decision on loan approval is a matter for the relevant local authority and its credit committee on a case-by-case basis. Decisions on all housing loan applications must be made in accordance with the Regulations establishing the scheme and the credit policy that underpins the scheme, in order to ensure prudence and consistency in approaches in the best interests of both borrowers and the lending local authorities.

Question No. 368 answered with Question No. 345.
Question No. 369 answered with Question No. 345.
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