Home Building Finance Ireland raises €200m from Danske Bank to increase lending capacity 

HBFI has been able to amplify its initial credit line to generate a much higher level of approved funding, by recycling loans as they are repaid from the sale of completed homes.

HBFI chief executive Dara Deering said this new facility will 'allow us to fund even more homes and to continue to play a supporting role in alleviating Ireland’s supply shortage'. 

Home Building Finance Ireland (HBFI) has announced that it has been able to increase its capacity by 27%, following an agreement with Danske Bank to provide a €200m facility.

The new €200m facility will add to HBFI’s existing €730m facility with the Ireland Strategic Investment Fund (ISIF). This is the first time the organisation has raised market funding to complement State funding which it has relied on to date.