{"id":157080,"date":"2025-11-24T13:37:25","date_gmt":"2025-11-24T13:37:25","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/157080\/"},"modified":"2025-11-24T13:37:25","modified_gmt":"2025-11-24T13:37:25","slug":"home-building-finance-ireland-boosts-lending-capacity-by-27-with-e200m-facility-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/157080\/","title":{"rendered":"Home Building Finance Ireland boosts lending capacity by 27% with \u20ac200m facility \u2013 The Irish Times"},"content":{"rendered":"

Home Building Finance Ireland (HBFI)<\/a>, set up to fund the delivery of new homes<\/a>, has boosted its total lending capacity by 27 per cent with a new \u20ac200 million facility with Danske Bank.<\/p>\n

This is the first time that HBFI has raised market funding to complement its initial State funding, on which it has relied to date. The new facility will add to HBFI\u2019s existing \u20ac730 million facility with the Ireland Strategic Investment Fund (ISIF).<\/p>\n

HBFI will use the extra capacity to fund a growing pipeline of homebuilding projects \u2013 particularly among small and medium sized (SME) housebuilders, where HBFI is increasing its focus in response to evolving market conditions.<\/p>\n

HBFI has used its existing ISIF facility to approve \u20ac3 billion in funding for over 15,000 new homes in over 200 developments in 25 counties throughout Ireland. Some 83 per cent of approved facilities have related to small housebuilders borrowing \u20ac20 million or less at a time.<\/p>\n

HBFI has been able to amplify its initial \u20ac730 million credit line to generate a much higher level of approved funding, by recycling loans as they are repaid from the sale of completed homes. This allows it to use repayments from earlier loans to fund new facilities with new borrowers.<\/p>\n

The legislation establishing HBFI gives it the power to raise up to \u20ac750 million in market funding, in addition to its \u20ac730 million ISIF facility.<\/p>\n

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HBFI chief executive Dara Deering said: \u201cWe\u2019ve decided now is the right time to borrow from the market, as we continue to increase the number of house building firms we support \u2013 particularly SME housebuilders.<\/p>\n

\u201cThis new facility will allow us to fund even more homes and to continue to play a supporting role in alleviating Ireland\u2019s supply shortage.<\/p>\n

\u201cSince opening for business in 2019, HBFI has made a substantial contribution to increasing the supply of new homes for first-time buyers, renters and people who need social housing, with over \u20ac3 billion in funding approved to build over 15,000 new homes.\u201d<\/p>\n

Danske Bank head of international units and country manager Ireland, Alistair Welch, said the facility will be used to add extra capacity to fund a pipeline of homebuilding projects.<\/p>\n","protected":false},"excerpt":{"rendered":"Home Building Finance Ireland (HBFI), set up to fund the delivery of new homes, has boosted its total…\n","protected":false},"author":2,"featured_media":157081,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[88518,3662,61,60,43],"class_list":["post-157080","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ireland","tag-home-building-finance-ireland","tag-housing-crisis","tag-ie","tag-ireland","tag-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/157080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=157080"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/157080\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/157081"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=157080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=157080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=157080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}