Dáil Éireann Debate, Tuesday - 26 April 2022
678. Deputy Alan Farrell asked the Minister for Housing, Local Government and Heritage the number of recipients of the local authority home loan scheme for each county, in tabular form; and if he will make a statement on the matter. [20800/22]
Amharc ar fhreagraThe Local Authority Home Loan has been available nationwide from local authorities since 4 January 2022. Prior to that, the Rebuilding Ireland Home Loan was the mortgage available from local authorities. As of 4 January 2022, no new Rebuilding Ireland Home Loan applications have been accepted, although applications/approvals already in process are being honoured.
As applications for the Local Authority Home Loan only opened at the beginning of 2022, drawdown statistics are not yet available. However, such statistics are avilable for the previous Rebuilding Ireland Home Loan scheme.
My Department regularly publishes information on the number and value of (i) local authority loan approvals and (ii) local authority loan drawdowns. Local authority approval means that an official letter of offer has been sent to a borrower (and therefore relates to a specific property and loan amount).
Local Authority drawdowns from 2018 to Q4 2021 are available at the following link under the folder name 'Rebuilding Ireland Home Loan 2018 to date', which will be updated, as updated figures are available: www.gov.ie/en/collection/42d2f-local-authority-loan-activity/#local-authority-loans-approvedpaid
