Rebuilding Ireland home loan funding
Deputy O'Sullivan asked whether funding would be provided so local authorities could reopen and process Rebuilding Ireland home loan applications, and what interest rate would apply. The Tánaiste said three Departments would meet the Central Bank to establish a basis for decision, while Deputy Howlin noted applications were not being processed; the Government said it wanted clarity quickly.
The Central Bank has indicated that it does not have any difficulty with the Rebuilding Ireland home loan scheme. Will the Government now allocate funding to allow local authorities to reactivate and process applications under the scheme? Will the same interest rate as applied previously continue to apply?
Comment on this
My understanding is that three Departments are to meet the Central Bank tomorrow on this issue such that we have a basis for making a decision. People can still apply for the home loan scheme.
Comment on this
The applications are not being processed.
Comment on this
The Government is anxious to quickly provide clarity on the funding of the scheme. As stated, an important meeting on this issue will take place tomorrow between three Departments, including the Department of Housing, Planning and Local Government, obviously, and the Central Bank.
