The Social / Affordable Housing Product is designed to provide funding for social and affordable housing projects that are contracted for sale pre construction to a Local Authority, an AHB (Approved Housing Body) or the LDA (Land Development Agency).
- The project must be contracted to a Local Authority, an AHB or the LDA prior to the first drawdown from the facility provided by HBFI
- Gearing of up to 80% (includes site purchase and development funding)
- The minimum amount that can be borrowed under this product is €3 million
- Margin of between 5% and 7% (over 3-month Euribor), with an entry fee of 1% and no exit fee.
Ideally, the site should have planning permission or be in the process of achieving planning permission.
Any other questions?
If you would like to enquire further about this product, have any further questions or would like to submit an application for funding, then please complete and submit the enquiry form.
Following submission of the form, a member of the HBFI lending team will contact you within two working days to answer any queries that you may have and/or guide you through the application process.
Please also see our FAQ Section for further information.
The criteria set out above are indicative only and subject to change. HBFI will assess each transaction on its own merits and each transaction will be subject to the applicable terms and conditions. If an applicant meets the above mentioned criteria, this does not guarantee credit approval. HBFI reserves the right to make its final decision based on the full application and supporting documentation.