Increase in Approved Loans: Home Building Finance Ireland Boosts Loan Approvals by 13% to Reach €3 Billion
In the ongoing effort to address Ireland's housing shortage, Home Building Finance Ireland (HBFI) has emerged as a significant force in supporting new home construction. By the end of June 2025, HBFI had approved loans totaling €3 billion for 15,186 new homes in 206 developments across 25 counties, with a majority of funding supporting homebuilding outside the main Dublin area [1][3].
The impact of HBFI's initiatives is evident in the increase of housing supply nationwide. Approximately 6,000 homes funded by HBFI have been completed, with an average of 150 HBFI-funded homes being completed each month, steadily adding to Ireland's housing stock [1]. Of the homes approved for funding, 8,852 are sold, contracted for sale, or sale agreed, demonstrating active market uptake [1].
Established by the Government in 2019 with initial funding of €730 million from the Ireland Strategic Investment Fund, HBFI was created to directly address new home delivery [1]. This targeted approach by the Irish government aims to use finance as a means to alleviate housing shortages across the country.
Dara Deering, CEO of Home Building Finance Ireland, stated that there is no cap on the amount of funding HBFI can provide due to its recycling and potential access to additional funding [2]. As early loans are repaid, the funding is recycled, freeing up capacity for new lending. In the first 6 months of 2025 alone, HBFI approved funding for 336 million euros in new loans [1].
The Minister for Finance, Paschal Donohoe TD, published the third review of HBFI in July 2025, which found that its continuation remains necessary given prevailing market conditions [1]. The funding provided by HBFI supports the construction of homes nationwide, from small developments to large-scale projects, responding to any gaps in the market for funding [1][2].
In conclusion, HBFI plays a crucial role in expanding Ireland's housing supply by financing development projects beyond Dublin, facilitating thousands of homes, and maintaining a steady completion rate contributing to the overall construction of new homes nationwide [1][3]. As HBFI continues its mission, it is expected to help bridge the housing gap and support Ireland's growing population in the years to come.
[1] Home Building Finance Ireland (HBFI) Third Review, July 2025, Department of Finance, Ireland. [2] Press Release: Home Building Finance Ireland (HBFI) Approves €3 Billion in Loans for New Homes, June 2025, Home Building Finance Ireland. [3] HBFI Annual Report 2024, Home Building Finance Ireland.
Investing in the real-estate sector is further boosted by the significant role of Home Building Finance Ireland (HBFI) in business, as their finance initiatives help construct new homes nationwide. By approving €3 billion in loans for over 15,000 homes, HBFI demonstrates continued support for addressing Ireland's housing shortage.
