Iveagh House, Dublin 2
Minister for Housing, Planning and Local Government Eoghan Murphy (left) with Minister for Finance and Public Expenditure and Reform Paschal Donohoe arriving for the launch of Home Building Finance Ireland….
… the state’s new financing initiative for the residential construction sector, will offer loans of up to €35m to house builders.
HBFI has been established to fill a funding gap for smaller builders. It will lend to developments of as few as 10 houses or apartments. The company’s website, which went live on Friday, states that it is open for expressions of interest.
HBFI will be funded with €750m from the Ireland Strategic Investment Fund (Isif). A borrowing entity must provide a minimum of 20% equity of a building project, which can include the site value. HBFI will provide up to 80% of the project cost.
College of Anaesthesiologists (!), Dublin 2.
Minister for Housing Eoghan Murphy (fourth left) with the Interim Board of the LDA (Land Development Agency) ahead of the first meeting of the Board