Dáil
‹ Ceisteanna — Questions Oral Answers. - Cost of Schemes. Delays in SDA loan approvals
Summary
Sherlock said applicants were losing houses because local authorities lacked timely notice of capital allocations for SDA loans. Barry acknowledged a shortage of funds in his Department.
Is the Minister aware that under the present system applicants for SDA loans have to wait for an unreasonable length of time before getting approval for such loans because local authorities — I mention Cork County Council — do not have notification of the allocation of capital from the Department for a particular month? Such delay is resulting in applicants not being able to purchase houses in which they are interested because other people who have ready cash can come and beat them to it.
