Home Building Finance Ireland's latest performance update shows that funding had been approved for 3,729 homes in 71 developments in 18 counties by the end of last year.HBFI was established to with a remit to provide funding at market rates for commercially viable residential developments.
Home Building Finance Ireland has now committed all of the €730m capital initially allocated to it when it started operations three years ago. "The message for builders is if they have plans, we want to give certainty that we have sufficient capacity and that funding will not be an impediment to bring forward new supply."
Units funded by HBFI range from one-bed apartments, accounting for 14% of units, to five-bed houses - making up 1%."We are ready to add significant capacity to match demand if required," Ms Deering said. On the prospect of HBFI broadening its remit given the success of the last year, Dara Deering said the Fund would continue to engage with the sector.