Three Irish counties have never received housebuilding finance from state agency

The Housing Finance Agency Ireland (HBFI) has made significant strides in financing housebuilding across 23 of 26 counties, with total approved funding increasing to €2.7 billion in the last year. This is a marked rise from €1.66 billion the previous year, indicating heightened activity in housing developments. Since its establishment, the agency has funded over 13,000 homes, focusing on a balanced mix of owner-occupiers and affordable housing. HBFI plays a key role in bridging finance gaps and supports varied housing demands by offering a wide range of financial products.

"By offering an expanded range of products, we saw a significant increase in our new loan approvals to over €1bn over the course of the year, when commencement activity across the market was also really strong."

"We're recycling capital to leverage the impact of the capital at our disposal to lend to small, medium and large housebuilding companies to improve supply as much as we can."

Read at Irish Independent