COMHAIRLE CONTAE ÁTHA CLIATH THEAS
SOUTH DUBLIN COUNTY COUNCIL

MEETING OF SOUTH DUBLIN COUNTY COUNCIL

Monday, July 08, 2019

QUESTION NO. 26

QUESTION: Councillor Alan Hayes

To ask the Chief Executive, Since January 2019, how many individual applications have been received by SDCC under the Rebuilding Ireland Home Loan Scheme and what is the break down of those being accepted and rejected. Of those rejected, what are the main reasons and who in the Council makes these decisions?

REPLY:

126 applications have been received under the Rebuilding Ireland Home Loan scheme in 2019 and although DHPLG have not yet provided the Council with a formal allocation for the scheme in 2019, they have only recently confirmed that funding is in place for any loans approved in 2019.  Accordingly, all applicants awaiting decisions will be notified of the Council's Credit Committee decisions regarding their loan applications in the coming weeks.

Of the applications received in 2019, 33 were returned as either incomplete or ineligible. Incomplete applications can be re-submitted when fully completed. Applications are deemed ineligible if they do not meet the core requirements of the scheme including exceeding the income thresholds, not being first-time buyers or not meeting the employment criteria.  Applications are reviewed by staff in the Council's Loans section with final decisions made the Credit Committee which comprises senior staff from the Housing and Finance Departments of the Council.