HBFI continues to provide strong level of funding for viable developments throughout Ireland.
Funding to date
Total loan approvals to the end of December 2023 were €1,656m. This funding is across 129 projects and can support the delivery of 8,495 homes. Of the 129 projects with funding approved, 86 projects are now under construction or completed. These projects will support the delivery of 6,499 new homes.
![Table 1 Housing Developments Funded to Date YE 2023](https://www.hbfi.ie/uploads/general/Table-1-Housing-Developments-Funded-YE-2023.png)
Construction Status
As of 31 December 2023, 3,153 of the units within these 86 schemes are completed with a further 1,542 under construction.
![Table 2 Construction Status of Approved Units YE 2023](https://www.hbfi.ie/uploads/general/Table-2-Consruction-Status-of-Approved-Units-YE-2023.png)
Target Markets
To date 4,276 of HBFI-funded homes are for owner-occupiers, 2,658 for social/affordable housing, 5% Part V and 1,160 for renters.
![2 YE 2023 Table 3 End Purchaser Target Market](https://www.hbfi.ie/uploads/general/2-YE-2023-Table-3-End-Purchaser-Target-Market.png)
Locations
HBFI has approved 129 facilities as of the end of December 2023. These facilities are in various locations across 22 counties with an average of 66 new homes per facility. HBFI remains focused on supporting viable developments across the whole of Republic of Ireland. Dublin accounts for 29% of total units approved to date.
![YE 2023 Table 4 Location](https://www.hbfi.ie/uploads/general/YE-2023-Table-4-Location-of-Approved-Units.png)
Unit Types
To date 75% of homes funded by HBFI consist of 3 bed or 2 bed units with a further 13% being 4 bed units. 71% of all units are houses with the remaining 29% being apartments.
![YE 2023 Table 5 Types](https://www.hbfi.ie/uploads/general/YE-2023-Table-5-Type-of-Approved-Units.png)
Development Sizes
HBFI is committed to supporting all types of developments across Ireland. The majority of the 129 approved developments funded by HBFI are small to medium sized schemes with 65% of the approved developments being <50 units with an average of 20 units. In value terms the larger schemes account for a greater proportion of total funding approved.
![YE 2023 Table 6 Development Sizes](https://www.hbfi.ie/uploads/general/YE-2023-Table-6-Development-Sizes.png)
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.
![2 YE 2023 Table 7 Projected Average Price](https://www.hbfi.ie/uploads/general/2-YE-2023-Table-7-Projected-Average-Price-3-bed.png)
This information is also available to download below.