249 mortgages on council houses in arrears of over 90 days

Some 249 local authority mortgage loans in Kilkenny were in arrears of more than 90 days as of the third quarter of 2011, according to the Department of the Environment.

Some 249 local authority mortgage loans in Kilkenny were in arrears of more than 90 days as of the third quarter of 2011, according to the Department of the Environment.

This is up from 208 loans that had arrears of over 90 days at the end of 2010.

Nationally, 27.5% of such loans are in arrears of more than 90 days, compared with an arrears rate of 9.2% for privately held mortgages, according to Central Bank data released this month.

Those 249 loans in arrears with Kilkenny local authorities have a total value of €8.25 million, according to the department.

3,118 on housing list

The number of people seeking accommodation assistance in County Kilkenny is also continuing to grow, with 3,118 households on Kilkenny local authorities’ housing waiting lists as of the end of last year.

It’s an increase of 18% over the 2,635 households on the list at the end of 2010.

And according to Kilkenny County Council’s annual housing report for 2011, which is due to be discussed at next month’s council meeting, “this will also be a major challenge going forward in 2012.”

The report states, however, that “this figure of 3,118 is inflated and includes tenants occupying RAS (Rental Accommodation Scheme) units. In early 2012 these applicants will be removed from the waiting list and a more accurate position will be available to members at the next housing report. It should also be remembered that the figure includes applicants who are on the list purely to obtain rent supplement in the private rented sector.”

Ninety per cent, or 2,804 households, are on the list for financial reasons, according to the report.

The council received €2,428,941 from the Department of the Environment to pay for RAS/leasing accommodation, the report says.