Home Building Finance Ireland (HBFI) has successfully secured a significant housing deal in Galway, outcompeting major private funders like Bank of Ireland. Reports suggest that HBFI's approach involved accepting a larger share of risk compared to its competitors, leading to concerns among builders about the implications of such aggressive tactics. As a state agency aimed at supporting small housing developers, HBFI's actions have sparked protests, raising questions about the impact on the housing market and smaller construction firms.
Home Building Finance Ireland (HBFI) has faced backlash over its aggressive tactics in securing a major housing deal in Galway, which has raised concerns among builders.
Sources indicate that HBFI's willingness to accept a higher level of risk was a pivotal factor in its success against private funding competitors.
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