Tuesday 12 November 2019

State provides €100m for 500 new homes

(Stock image)
(Stock image)
Ellie Donnelly

Ellie Donnelly

Home Building Finance (HBF) has provided €100m for the construction of over 500 new homes across Ireland in the first nine months of this year.

The State-backed lender for small and medium developers said it has received over 40 full applications, with 90pc relating to developments outside Dublin.

Developments backed by HBF vary from 10 units to 76 homes, and loan facilities range from €1.5m to €18m.

HBF has backed developments in 11 counties –  Dublin, Kildare, Meath, Louth, Laois, Carlow, Clare, Kerry, Wicklow, Monaghan and Cork – and says its has capacity to fund the delivery of up to 7,500 homes over a five-year period.

Minister for Finance, Paschal Donohoe, said: By funding commercially viable developments of varying sizes, HBF will make a difference and meet demand for new homes both in Dublin and in regional locations where construction firms have limited options in terms of accessing the funding they need.”

The Minster added that he “welcomed” the progress HBF is making.  

HBF has a fund of €750m from the Ireland Strategic Investment Fund (ISIF).

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