Extra €400m ISIF funding has potential to deliver 5,000 homes, says Government

Irish banks also commit to making €200m available in addition to the increased ISIF funding

Tánaiste Simon Harris. A €400m extension to the Ireland Strategic Investment Fund (ISIF) funding programme has the potential to deliver 5,000 homes, the Government said on Monday. Picture: Sam Boal/Collins Photos

A €400m extension to the Ireland Strategic Investment Fund (ISIF) funding programme has the potential to deliver 5,000 homes, the Government said on Monday.

The Government has doubled ISIF’s equity for homebuilding investment programme to €800m since it was announced in July 2023, with the original €400m close to completion.  The new allocation will build on ISIF’s existing housing related commitments of €2.5bn which has supported the delivery of over 19,000 new homes and is targeting the delivery of over 25,000 new homes by 2030.