TDs want review of building finance body amid claims state agency has ‘torn up’ its remit | Business Post

📆 2022/03/08 00:00:00
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TDs want review of building finance body amid claims state agency has ‘torn up’ its remit – KillianWoods reports.

Dara Deering, chief executive, Home Building Finance Ireland : the Dáil’s financial watchdog has questioned why the HBFI moved to finance the construction of homes being sold to funds

A wider review of a state agency that financed the construction of homes bought by investment funds is required after the agency “tore up its remit”, members of the Dáil’s financial watchdog have said. The calls from two members of the Public Accounts Committee have come after Home Building Finance Ireland , which was set up in 2019 to lend to small and medium-sized builders struggling to get access...

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