About the HBFI
The establishment of the HBFI os one of a number of measures being taken to address the Housing Shortage. It provides as source of funding to small and medium sized builders/developers on a commerical basis.
HBFI has €750m available from the Ireland Stratigic Investment Fund, with an ability to raise further funds on the market should they be required.
Lending Criteria
- HBFI has the ability to lend up to 80% of Loan to development Cost (LTC) at a margin of between 5% and 8% depending on the rish profile of each project.
- All lending is on a commerical basis, with industry standard terms and conditions.
- HBFI provides senior debt funding for the development of 10 residential units and above with a maximum of €35m for any single facility
- Sites must have planning permission or have lodged a planning application with the relevant authority.
- HBFI provides further funding for purchase and development of ready to go sites (sites with planning permission for residential development). Development of these residential sites must be undetaken within a contractually agreed timeframe.
- Funding is only provided to corporate entities.
- The max term for which HBFI lends is 5 years.
