Dáil Éireann Debate, Wednesday - 27 January 2021
183. Deputy Eoin Ó Broin asked the Minister for Finance the status of the work of Home Building Finance Ireland; the number of loans offered; the size of the loans; the recipients of the loans; the number of housing units to be delivered by each loan; the number of units commenced to date; the number of units completed to date; and the projected commencement and completion dates for all housing units funded by Home Building Finance Ireland. [3576/21]
View answerHBFI released its year-end update for 2020 on 25th January 2021. Further details are available at
https://www.hbfi.ie/uploads/banners/HBFI-End-of-Year-Update-2020-final-version.pdf.
The update highlighted that as of 31st December 2020, HBFI had approved 38 facilities amounting to €395m in value. This approved funding can facilitate the delivery of 1.850 new homes across 17 counties. Construction activity has commenced on schemes that will ultimately deliver 1,162 new homes, relating to €263m or 67% of HBFI’s approved funding. In line with the development and construction cycle, these homes will be delivered on an incremental basis over time. To date, 107 completed homes have been sold and a further 476 are contracted for sale or sale agreed as at 31st December 2020.
From the time a facility is approved to drawdown takes a number of months due to completion of due diligence and the signing of legal contracts, therefore there is always a lag between the amount and number of facilities approved and those live on site.
