Government's own housing development finance company grows approvals to €3bn
Dara Deering, chief executive of Home Building Finance Ireland, said the steady growth in loan approvals reflects the 'ongoing appetite among small, medium and large housebuilding companies for finance to help meet the demand for new homes'.
Home Building Finance Ireland (HBFI), the Government vehicle set up to provide loans for housing developments, has seen its loan approvals grow by €336m during the first six months of the year.
The company’s total loan approvals stands at just over €3bn since it commenced operations at the start of 2019. Of that total, €2.25bn has been drawn down for 135 developments, supporting 12,251 homes where construction is in progress or has completed.
