Home Building Finance Ireland (“HBFI”) was established as part of the Government’s response to Ireland’s major housing supply shortage and was formally launched on 28 January 2019 with an initial loan fund of up to €730 million, capable of providing funding to assist in the delivery of up to 7,500 new homes over five years.
HBFI was established under the Home Building Finance Ireland Act 2018 (the “HBFI Act”) which sets out the functions of HBFI.
Section 24 of the HBFI Act provides for a periodic review of HBFI to ensure that it is fulfilling its functions as set out in the Act and that its continuation remains necessary given prevailing market conditions.
As part of the review of HBFI, the Department of Finance would like to invite interested parties to make submissions in order to assess the amount of money being made available for the purposes of residential development in the State from sources other than HBFI.
The consultation period will run from today, 16 December 2022 to 5pm on 20 January 2023.
Any submissions received after this date may not be considered.