Release date: 16 January 2025
Promoter – Financial Intermediary
HOUSING FINANCE AGENCY PLCLocation
Description
Under a framework loan structure, the operation will finance the Irish social and affordable housing development programme for the next 4 years.
Objectives
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.
Sector(s)
- Urban development - Construction
Proposed EIB finance (Approximate amount)
EUR 400 million
Total cost (Approximate amount)
EUR 1100 million
Environmental aspects
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.
Procurement
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.
Status
Signed - 27/12/2024
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).