Tuesday, 8 October 2019

Questions (42)

Thomas Byrne


42. Deputy Thomas Byrne asked the Minister for Finance the number of expressions of interest received by county for the home building finance Ireland lending scheme; the number of completed applications; the number of successful and unsuccessful applications; the amount of funding offered in loans; the number of units that will be built with funding that has been committed to by county; and if he will make a statement on the matter. [40853/19]

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Written answers (Question to Finance)

Home Building Finance Ireland ('HBFI') published its half-year update in mid-July having commenced operations on 28th January 2019

(https://www.hbfi.ie/uploads/files/HBFI-Mid-Year-Market-Update-June-2019.pdf). The key highlights to end June 2019 (after 5 months of operations) were as follows:

- More than 100 Expressions of Interest received from across the country.

- Over 30 full funding applications received from 17 counties.

- €41m in funding approved (7 facilities), translating to 228 units.

- 92% of full applications made to HBFI from outside of Dublin.

- Facilities approved in Counties, Dublin, Wicklow, Kildare, Laois and Clare.

- Projects range in size from 10 units to 73 units.

- Average size of facilities provided to end June was €6m.

The primary objective of HBFI is to increase the availability of funding in the market to developers for viable residential development projects. HBFI is proactively engaging with market participants and continues to develop a strong pipeline of transactions with several further transactions approved across the country since the half-year update. HBFI will provide detailed information for the period, June 2019 to December 2019 in early 2020.