A total of €285m in finance was approved to homebuilders last year by the State agency established to fund the delivery of new homes. The latest annual report of Home Building Finance Ireland (HBFI) shows the financial assistance provided to construction firms helped to support the development of 1,307 homes across 21 developments in 2020. HBFI was established by the Government in late 2018 to help plug a gap in finance available for builders at market rates. It has approved total funding of €395m for 1,850 homes since its inception. HBFI chairperson Marie Collins said the agency was able to respond to funding shocks and had responded during the Covid-19 pandemic.

Source: Irish Examiner July 07, 2021 06:11 UTC