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Home Building Finance Ireland

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So €750 million is to be used to grant "soft" loans to builders who can't or won't get such loans from banks ("Details on HBFI agency are as sparse as houses", Cantillon, October 12th).

Whilst this is being done to help accelerate the building of about 6,000 homes, about 5,400 (90 per cent)  of them will be sold at  full market prices and won't be either social or affordable.

Why is taxpayers' money being used for this purpose when the real logjam in the housing crisis is at the social/affordable end which the State is best positioned to prioritise and address directly?

Furthermore, given that the source of funds is the Ireland Strategic Investment Fund why are the funds being advanced as straight bank loans and exclude either equity or participating preference shares to take account of risk and reward?

Letter published in the Irish Times on 14th October 2017.

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This page contains a single entry by Brian published on October 16, 2017 11:47 AM.

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