COMHAIRLE CONTAE ÁTHA CLIATH THEAS
SOUTH DUBLIN COUNTY COUNCIL
MEETING OF SOUTH DUBLIN COUNTY COUNCIL
Monday, March 09, 2020
QUESTION NO. 10
QUESTION: Councillor Shane Moynihan
To ask the Chief Executive to provide a report, in tabular form, on the number of applications made by residents in County to the Rebuilding Ireland loan scheme since the scheme was introduced, by year and by electoral area, the number of these that were successful and the categories of reasons for which applications were rejected.
REPLY:
There were 542 applications to this Council for Rebuilding Ireland Home Loans since the scheme commenced in February 2018 of which 63% were from applicants within the County.
The breakdown of applications by residents of South Dublin County by year is as follows:
| Aplication Status | 2018 | 2019 | 2020 | Total |
| Approved | 44 | 62 | 15 | 121 |
| Declined | 47 | 48 | 0 | 95 |
| Incomplete | 22 | 26 | 7 | 55 |
| Ineligible | 19 | 19 | 4 | 42 |
| To be considered | 0 | 24 | 7 | 31 |
| Total | 132 | 179 | 33 | 344 |
Reasons for rejections include the following:
- Credit rating /Irish Credit Bureau (ICB);
- Net income ratio outside of policy;
- Repayment capacity not demonstrated / not available to service loan;
- Unsatisfactory savings record / source of equity;
- Sufficiently committed;
- Income sustainability not evident;
- Unsatisfactory financial management
Data is not currently stored in a format that provides a detailed breakdown by electoral area - work to collate this information manually from the individual files can be undertaken in due course if further required.