COMHAIRLE CONTAE ÁTHA CLIATH THEAS
SOUTH DUBLIN COUNTY COUNCIL

MEETING OF SOUTH DUBLIN COUNTY COUNCIL

Monday, July 08, 2019

QUESTION NO. 49

QUESTION: Councillor F. Timmons

To ask the Chief Executive to provide an update report on Rebuilding Ireland Housing fund, have any funds been released to SDCC ? how many have applied for 2019 and when can they hope to hear a decision about there application and when will the money be available to fund same?

REPLY:

The Council received approval for €25 million funding under the Rebuilding Ireland Home Loan Scheme for 2018 from the Department of Housing, Planning and Local Government (DHPLG).   117 approvals in principle issued in respect of applications received in 2018 with 55 loans dawn down to date totalling €12.64m.

A further 126 applications have been received 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.