HBFI is a private company formed under the Companies Act 2014 and the Home Building Finance Ireland Act 2018. HBFI is wholly owned by the Minister for Finance and has been established for the purpose of funding the construction of new homes in Ireland. It is a commercial entity, providing finance at market rates for commercially viable residential developments.
It is intended that HBFI will supplement rather than compete with existing residential development lenders. HBFI will play an important role in the provision of funding to borrowers who may, for example, be experiencing difficulty in securing such funding from banks or other alternative funders for commercially viable residential developments. HBFI is now accepting applications from qualifying entities. If you are interested in submitting an application to HBFI for residential development funding, please see the eligibility requirements set out below.
In order to apply for a funding facility from HBFI, certain minimum criteria must be met. These are:
If you are interested in applying for a residential development facility from HBFI, but do not currently qualify, please contact HBFI to discuss further.
Please also see FAQ section where answers to additional queries are provided.
*The eligibility criteria set out above are indicative only and subject to change. HBFI will assess each transaction on its own merits and any transaction entered into will be subject to terms and conditions. Confirmation of eligibility does not guarantee credit approval.
Warning: You may have to pay charges if you pay early, in full or in part, a fixed rate credit facility. The entire amount that you have borrowed will still be outstanding at the end of the interest only period, if any. The cost of your repayments may increase in line with the terms of the applicable facility letter. In cases of refinancing, this new credit facility may take longer to repay than your previous facilities and you may pay more than if you paid over a shorter term