Home Building Finance Ireland (HBFI), set up to fund the delivery of new homes, has boosted its total lending capacity by 27 per cent with a new €200 million facility with Danske Bank. 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’s existing €730 million facility with the Ireland Strategic Investment Fund (ISIF). The legislation establishing HBFI gives it the power to raise up to €750 million in market funding, in addition to its €730 million ISIF facility. “This new facility will allow us to fund even more homes and to continue to play a supporting role in alleviating Ireland’s supply shortage.
