Ireland’s Department of Finance announced Cabinet approval to draft legislation that would allow Home Building Finance Ireland (HBFI) to finance purchases of residentially zoned land before planning permission is secured. The proposed extension would address a financing gap affecting smaller homebuilders, helping them acquire sites and prepare future housing projects alongside existing sources of finance. Finance is generally available for housing developments on zoned, serviced land with planning permission, but securing funding before that stage can be harder. Smaller builders may lack the equity needed to purchase and advance several sites simultaneously, restricting their ability to expand. HBFI’s research identified constrained availability of zoned land as a barrier to increasing housing delivery and a lack of debt funding for its purchase as a financing gap.
Ireland’s Department of Finance secures Cabinet approval to draft legislation allowing Home Building Finance Ireland to fund zoned land purchases before planning permission
Ireland’s Department of Finance announced Cabinet approval to draft legislation enabling Home Building Finance Ireland to lend for purchases of residentially zoned land before planning permission is obtained. The proposal targets smaller builders that struggle to finance land acquisitions and may lack the equity to advance several sites at once.