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Signature(s)

Amount
€ 400,000,000
Countries
Sector(s)
Ireland : € 400,000,000
Urban development : € 400,000,000
Signature date(s)
27/12/2024 : € 400,000,000

Summary sheet

Release date
16 January 2025
Status
Reference
Signed | 27/12/2024
20240631
Project name
Promoter - financial intermediary
HFA IRISH SOCIAL &AFFORDABLE HOUSING PROGRAMME V
HOUSING FINANCE AGENCY PLC
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 400 million
EUR 1100 million
Location
Sector(s)
Description
Objectives

Under a framework loan structure, the operation will finance the Irish social and affordable housing development programme for the next 4 years.

As Ireland is currently experiencing a severe housing shortage, the project aims to help alleviate pressure on the existing housing stock by providing 2900 housing units.

Environmental aspects
Procurement

Where and if applicable, and based on a risk-based approach as defined in the EIB Group Environmental and Social Policy, the requirements of the Environmental Impact Assessment (EIA) Directive 2011/92/EU as amended by EIA Directive 2014/52/EU, Birds Directive 2009/147/EC and Habitats Directive 92/43/EEC will be checked during appraisal.

The promoter shall ensure that the contracts to implement the project will be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2014/24/EU, as well as Directives 89/665/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

Milestone
Under appraisal
Approved
Signed
3 December 2024
27 December 2024

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Documents

Environmental and Social Data Sheet (ESDS) - HFA IRISH SOCIAL &AFFORDABLE HOUSING PROGRAMME V
Publication Date
31 Jan 2025
Document language
Main Topic
Lending
Document Number
234084847
Document Focus
Environmental Information
Project Number
20240631
Sector(s)
Regions
Countries
Publicly available
Download now

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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