HBFI continues to provide strong level of funding for viable developments throughout Ireland.
Funding to date
Total loan approvals to the end of June 2024 were €2,054m. This funding is across 162 projects and can support the delivery of 11,200 homes. Of the 162 projects with funding approved, 96 projects are now under construction or completed. These projects will support the delivery of 8,161 new homes.
Construction Status
As of 30 June 2024, 3,801 of the units within these 96 schemes are completed.
Target Markets
To date 5,340 of HBFI-funded homes are for owner-occupiers, 4,233 for social/affordable housing, 467 Part V and 1,160 for renters.
Locations
HBFI has approved 162 facilities as of the end of June 2024. These facilities are in various locations across 23 counties with an average of 69 new homes per facility. HBFI remains focused on supporting viable developments across the whole of Republic of Ireland. 65% of total units approved to date are for areas outside of Dublin.
Unit Types
To date 88% of homes funded by HBFI consist of 3 bed or less with a further 11% being 4 bed units. 66% of all units are houses with the remaining 35% being apartments.
Development Sizes
HBFI is committed to supporting all types of developments across Ireland. The majority of the 162 approved developments funded by HBFI are small to medium sized schemes with 68% of the approved developments being <50 units with an average of 21 units. In value terms the larger schemes account for a greater proportion of total funding approved.
Average Prices
Below is the average forecasted price of a standard 3 bed house within the developments HBFI have approved funding for. The actual price will depend on when the units are completed and brought to market.
This information is also available to download below.