Housing Finance Agency (HFA)

TheHousing Finance Agency (HFA)provides loans to local councils, housing bodies, and colleges to help build social, cost-rental, and student accommodation. Since it started, HFA funding has supported over 27,400 social and affordable homes across Ireland.

The HFA is mainly funded through the National Treasury Management Agency (NTMA)and its borrowings are guaranteed by the Minister for Finance. The HFA’s funding limit under the NTMA Guaranteed Notes Programme has grown from €5 billion in 2020 to €12.2 billion in November 2025.

The Government will make sure the HFA can meet demand for housing finance over the next five years. Laws around HFA borrowing will be reviewed and updated if needed, in line with overall Government borrowing levels. At the same time, the HFA will strengthen its capacity to handle bigger and more complex lending.

The HFA will also keep working with European lenders like the European Investment Bank and the Council of Europe Development Bank to access extra funding.