Home Building Finance Ireland grows loan approvals 13% to €3 billion
Home Building Finance Ireland, which was set up by the Government to fund the delivery of new homes, has grown total loan approvals 13% to €3 billion at the end of June this year.
HBFI’s H1 2025 performance update, published today, shows new loan approvals of €336m in the first 6 months of the year.
At the end of June 2025, the company had approved funding for a total of 15,186 new homes.
Of these, 8,852 are either already sold, contracted for sale or sale agreed.
Speaking on RTE’s Morning Ireland, CEO of Home Building Finance Ireland Dara Deering said the 15,186 homes includes 206 developments across 25 counties.
“The majority of funding is outside the main Dublin area so its really supporting the supply of homes right across the country.
“So far 6,000 homes have been completed with many others at different stages of construction.
“In house building there’s obviously a lag between when funding is approved and when homes get finished, but if I look over the last 12 months, we’re now seeing on average about 150 HBFI funded homes being completed each month adding to overall housing supply.”
HBFI was set up by the Government in 2019 to fund the delivery of new homes, with initial funding of €730 million from the Ireland Strategic Investment Fund (ISIF).
The funding is recycled as early loans are repaid, freeing up capacity for new lending.
In July 2025, the Minister for Finance, Paschal Donohoe TD, published the third review of HBFI, as required under Section 24 of the HBFI Act, which found that its continuation remains necessary given prevailing market conditions.
According to Ms Deering, the review shows the HBFI is continuing to play an important role in supporting house builders.
“We’ve provided funding for over 15,000 homes and there really is no cap on the amount of funding we can provide because we recycle the funding and can get access to additional funding if required.
“We support small, medium and large house builders, wherever there is a gap in the market for funding, we’ll respond so as the house builders scale up, the availability of finance will not be a barrier to support increased supply.”
Article Source – Home Building Finance Ireland grows loan approvals 13% to €3 billion