Housing Finance Agency approves funding for new Clare homes
THE Housing Finance Agency (HFA) Board has approved €159 million in new financing for Approved Housing Bodies to support their delivery of 539 social and affordable homes - including 33 in County Clare
The new HFA financing, along with funds from the Department of Housing, Local Government and Heritage, will facilitate the delivery of 534 new social homes and 5 new cost rental homes in Clare, Limerick Cork, Dublin, Kildare and Kilkenny
According to the HFA, 33 of the properties will be delivered in Ennis by Clúid Housing while 56 will be delivered by Circle VHA properties in Castletroy, Limerick.
Announcing the €159 million in new financing, HFA Chief Executive Officer, Barry O’Leary, said: “We know how hard our customers work to provide social and affordable housing and these latest loan approvals demonstrate their commitment to delivering a strong pipeline of homes this year and into 2024.
"There is more to do, and the HFA will work closely with customers and our Government partners to ensure that this growing supply of housing has the support of long-term financing.”
Minister for Housing, Local Government and Heritage, Darragh O’Brien, added: "This announcement further demonstrates the central role that the Housing Finance Agency plays in facilitating the successful delivery of social and affordable housing. This significant funding will mean that housing providers will be able to deliver hundreds of new affordable and social homes throughout the country in line with the ambitious targets set out in Housing for All.
"Already this year, the Housing Finance Agency has approved almost €0.75bn in loans which will help ensure that the strong pipeline of social and affordable homes to buy and rent continues.”
To date in 2023, the Housing Financing Agency has approved a total of €735 million in new financing.