COMHAIRLE CONTAE ÁTHA CLIATH THEAS
SOUTH DUBLIN COUNTY COUNCIL

South Dublin County Council Crest

MEETING OF SOUTH DUBLIN COUNTY COUNCIL

Monday, March 08, 2021

QUESTION NO. 17

QUESTION: Councillor F. Timmons

To ask the Chief Executive for an update report into the Rebuilding Ireland Scheme, to include how many applied and where granted the scheme, how many waiting for funds? how much funds allocated for 2019? 2020? 2021?

REPLY:

Since January 2019, 400 Rebuilding Ireland Home Loan applications have been received and assessed to date as included in the table below:

 

2019

2020

2021

Total

Applications received

243

136

21

400

Applications approved

63

69

2

134

32 applications are currently on hand and due for assessment by the underwriters and/or the Council's Credit Committee.

The South Dublin allocation from the Department of Housing, Local Government & Heritage for Rebuilding Ireland Home Loans in 2019 was included in the initial allocation of €28,066,378 to the Council upon commencement of the scheme in 2018.  This funding subsequently covered both 2018 and 2019.  The initial 2020 allocation was €10,192,572 (subsequently increased by 2,408,700 in December 2020 to €12,601,272) and the recently notified 2021 allocation is €16,990,000.