Home Building Finance Ireland sees loan approvals increase to over €2bn

Government-owned lender said it approved funding for 11,200 homes across 162 developments

HBFI was established in 2018 and is a private company operating on a commercial basis but is wholly-owned by the minister for finance.

The Government-owned Home Building Finance Ireland (HBFI) has grown its total loan approvals to more than €2.05bn as of the end of June — an increase 24% from the end of last year.

Of the total value approved by the company, €1.32bn has been drawn down for 96 developments, where 8,161 homes are either in the middle of construction or they have been completed.