The number of applications that have been procesed and approved under the Rebuilding Ireland homeloan scheme.

QUESTION

 To ask the Minister for Housing; Planning and Local Government the number of applications that have been processed and approved under the Rebuilding Ireland homeloan scheme since it was launched; and if he will make a statement on the matter.

To ask the Minister for Housing; Planning and Local Government the number of applications received and approved under the Rebuilding Ireland scheme by county in tabular form; and if he will make a statement on the matter.

To ask the Minister for Housing; Planning and Local Government the number of applicants for the Rebuilding Ireland home loan scheme; the number of successful applicants; the value of loans distributed to date for the scheme; and if he will make a statement on the matter.

REPLY

Following a review of the two existing local authority home loan schemes, the House Purchase Loan and the Home Choice Loan, a new loan offering, known as the Rebuilding Ireland Home Loan, was introduced on 1 February 2018.

As with the previous local authority home loan offerings, the Rebuilding Ireland Home Loan is a local authority product and loan applications are made directly to the local authority in whose area the property proposed for purchase is situated. My Department does not collect information on the number of enquiries to local authorities regarding the loan, the number of complete loan applications received by local authorities, or the reasons as to why a loan application may be declined.

As is currently the case, my Department will continue to publish information on the overall number and value of (1) local authority loan approvals and (2) local authority loan drawdowns on its website at the following link: http://www.housing.gov.ie/housing/statistics/house-prices-loans-and-profile-borrowers/local-authority-loan-activity.

This information is currently updated to end Q3 2017; it is anticipated that Q4 data will be published shortly.