Written answers
Tuesday, 3 November 2020
Department of Finance
Home Building Finance Ireland
Eoin Ó Broin (Dublin Mid West, Sinn Fein)
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396. To ask the Minister for Finance the number of applications for loans to Home Building Finance Ireland since its establishment; the number of loan approvals; the number of loan drawdowns; the monetary value of the applications, approvals and drawdowns; and the number of units of accommodation involved in the applications, approvals and drawdowns to date. [32327/20]
Paschal Donohoe (Dublin Central, Fine Gael)
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I am advised by HBFI that it recently issued a mid-year update on its business performance to 31st July 2020. Further details are available at .
To deal more specifically with the Deputy’s queries:
- 89 loan applications with a value of €907 million were received to end July.
- 29 loans were approved with a value of €340 million to support 1,477 new homes to end July.
- 17 are recent applications and were going through the assessment process at the end of July.
- 12 applications were declined by HBFI as they were not capable of meeting HBFI’s risk and credit criteria to protect taxpayer capital.
- In the remaining 31 applications, customers either did not proceed with the housing scheme or they secured funding elsewhere.
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