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Funding for Residential Developments

Posted January 31st, 2018

On Tuesday the Minister for Finance, Paschal Donohoe, and I welcomed the approval by the Government to proceed with the legal drafting of the Home Building Finance Ireland Bill 2018.

Home Building Finance Ireland (HBFI) was announced in October as part of Budget 2018 and will be designed to increase the availability of debt funding to commercially viable residential development projects in the State.

This is an important initiative with the potential to provide the necessary financial support, in particular for small and medium-sized developers and builders, to maximise the capacity in the building sector to deliver new homes, especially in our urban areas where the demand and affordability challenges are greatest.

To find out more about HBFI, go here.