Written answers

Wednesday, 20 May 2020

Department of Finance

Home Building Finance Ireland

Photo of Niall CollinsNiall Collins (Limerick County, Fianna Fail)
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56. To ask the Minister for Finance if an application will be reviewed and approved (details supplied); and if he will make a statement on the matter. [6153/20]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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HBFI was established, in January 2019, to increase the availability of funding for the residential development market. At the time of launch, HBFI offered a Senior Debt funding product for developments of 10 units and above. On 10 May 2020, HBFI released a number of new products, one of which provides funding for smaller commercially viable residential projects, of 5 units or more.  Details on all of HBFI's products can be found on their website at www.hbfi.ie/.

While I am advised that HBFI are very happy to discuss and consider the funding of all residential developments, it should be noted that the minimum number of units for which HBFI currently provides funding is 5 or more.


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