Dáil Éireann Debate, Tuesday - 26 July 2022
615. Deputy Paul Murphy asked the Minister for Housing, Local Government and Heritage the number of applications that have been received in relation to the current local authority home loan scheme in comparison to the number of loans that have been granted under this scheme in tabular form. [39701/22]
Amharc ar fhreagra624. Deputy Cian O'Callaghan asked the Minister for Housing, Local Government and Heritage the number of persons who have applied for the new local authority home loan; and if he will make a statement on the matter. [39781/22]
Amharc ar fhreagraI propose to take Questions Nos. 615 and 624 together.
The 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 are being accepted, although applications already in process are still being honoured.
The Housing Agency provides a central support service that assesses applications for the Rebuilding Ireland Home Loan, and its successor the Local Authority Home Loan scheme, on behalf of local authorities and makes recommendations to the authorities to approve or refuse applications.
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 establishing the scheme and the Credit Policy that under pins the scheme, having regard to the recommendations made by the Housing Agency.
The most recent figures provided by the Housing Agency on the number of Local Authority Home Loan applications that it has assessed and recommended for approval from local authorities for 2022 up to the end of June are set out in the below table:
|
Local Authority |
Applications Assessed |
Recommended to Approve |
|
Carlow County Council |
17 |
6 |
|
Cavan County Council |
5 |
4 |
|
Clare County Council |
20 |
8 |
|
Cork City Council |
33 |
12 |
|
Cork County Council |
144 |
46 |
|
Donegal County Council |
8 |
5 |
|
Dublin City Council |
117 |
71 |
|
Dún Laoghaire-Rathdown County Council |
28 |
12 |
|
Fingal County Council |
84 |
53 |
|
Galway City Council |
29 |
20 |
|
Galway County Council |
55 |
25 |
|
Kerry County Council |
32 |
9 |
|
Kildare County Council |
58 |
25 |
|
Kilkenny County Council |
27 |
19 |
|
Laois County Council |
33 |
11 |
|
Leitrim County Council |
10 |
4 |
|
Limerick City & County Council |
36 |
17 |
|
Longford County Council |
22 |
14 |
|
Louth County Council |
85 |
24 |
|
Mayo County Council |
16 |
9 |
|
Meath County Council |
75 |
53 |
|
Monaghan County Council |
24 |
9 |
|
Offaly County Council |
3 |
2 |
|
Roscommon County Council |
20 |
3 |
|
Sligo County Council |
22 |
8 |
|
South Dublin County Council |
88 |
41 |
|
Tipperary County Council |
23 |
9 |
|
Waterford City & County Council |
69 |
6 |
|
Westmeath County Council |
18 |
12 |
|
Wexford County Council |
45 |
21 |
|
Wicklow County Council |
64 |
28 |
|
Total |
1310 |
586 |
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).
Information on Local Authority Home Loan drawdowns, approvals, average drawdowns, and average approvals to Q1 2022 is available at the following link, under the folder name 'Local Authority Home Loan' which will be updated as soon as figures are available:
www.gov.ie/en/collection/42d2f-local-authority-loan-activity/#local-authority-loans-approvedpaid
