Construction News

31/01/2018

Govt Approves Legal Drafting Of Home Building Finance Ireland Bill 2018

The Government has approved the legal drafting of the Home Building Finance Ireland (HBFI) Bill 2018 to proceed.

HBFI was announced in October as part of Budget 2018 and funding of up to €750 million from the Irish Strategic Investment Fund will be made available for the establishment of the fund.

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Minister for Housing, Planning & Local Government, Eoghan Murphy TD, welcomed the announcement.

Minister Murphy said: "This is an important initiative with the potential to provide the necessary financial support, in particular for small and medium-sized developers and builders, to maximise the capacity in the building sector to deliver new homes, especially in our urban areas where the demand and affordability challenges are greatest."

(CD/LM)

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