HBFI continues to provide strong level of funding for viable developments throughout Ireland.
Funding to date
Total loan approvals to the end of December were €2.7bn. This funding is across 184 projects and can support the delivery of 13,186 homes. Of the 184 projects with funding approved, 117 projects are now under construction or completed. These projects will support the delivery of 10,375 new homes.
Construction Status
As of 31 December 2024, 4,693 of the units within these 117 schemes are completed.
Target Markets
To date 6,216 of HBFI-funded homes are for owner-occupiers, 5,251 for social/affordable housing, 559 Part V and 1,160 for renters.
Locations
HBFI has approved 184 facilities as of the end of December 2024. These facilities are in various locations across 23 counties with an average of 72 new homes per facility. HBFI remains focused on supporting viable developments across the whole of Republic of Ireland. 67% 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. 64% of all units are houses with the remaining 36% being apartments.
Development Sizes
HBFI is committed to supporting all types of developments across Ireland. The majority of the 184 approved developments funded by HBFI are small to medium sized schemes with 67% 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.