COMHAIRLE CONTAE ÁTHA CLIATH THEAS
SOUTH DUBLIN COUNTY COUNCIL

MEETING OF SOUTH DUBLIN COUNTY COUNCIL

Tuesday, May 07, 2019

HEADED ITEM NO. 19

HEADED ITEM: C. Performance and Change Management Directorate

RESOLUTION TO BORROW FOR REBUILDING IRELAND HOME LOANS

REPLY:

The Department of Housing, Planning and Local Government provided a Capital Allocation for Publicly Funded Housing Loans in the sum of €25,000,000.  

The Council previously sanctioned €10m of this allocation at the 2018 June Council Meeting and accordingly sanction is now being sought to raise a loan for the balance of €15m.

The County Council is empowered to borrow from the Housing Finance Agency for the purpose of carrying out its functions under the Housing Acts.

Approval is now sought for authority to raise loans to a limit of €15m from the Housing Finance Agency plc for New Rebuilding Ireland Home Loans.