• Frequently Asked Questions


    Who will the HFA lend to?

    The HFA lends to suitable Housing Bodies and Co-Operative Housing Societies (AHBs). The suitability for lending to such institutions will be assessed by the HFA’s Credit Committee and if approved the successful applicant will then be awarded Certified Body status.

    The HFA may also lend for Category 2 Certified Body lending. This includes tier two AHBs and tier three AHBs that do not have Certified Body status. The suitability for lending to such institutions will also be assessed by the HFA’s Management Committee. Further details are available on the HFA’s website; please see the link below.

    Category 2 Certified Body Lending


    What type of schemes will the HFA lend for?

    The HFA will currently accept applications for the following:

    1. Acquisitions (‘Turnkey Projects’)

    2. New builds

    3. Retrofits

    4. Mortgage-To-Rent


    Do the HFA offer competitive terms and products?

    The HFA offers very competitive rates and the following excellent products:

    1. 30 Year variable rate

    2. 10 year fixed rate

    3. 25 year fixed rate for new builds and retrofits (EIB supported funding)

    4. 1 year Mortgage-To-Rent facility

    5. 2 year bridging finance for construction projects with an option to convert to long term finance


    How does our AHB apply to become a qualified body?

    AHBs interested in obtaining funding from the HFA must satisfy a number of criteria, before applying for assessment. Further details are available on the HFA’s website, please see the link below.

    AHB Assessment Form


    What legal document is required after Certified Body status is awarded?

    A Master Loan Agreement (MLA) is required. This is a signed contract between the HFA and the relevant AHB, setting out the terms and conditions of all lending to that party.


    How do I make a loan application?

    Loan applications may be made after the AHB applicant has been awarded Certified Body status by the HFA’s Credit Committee or under the Category 2 Certified Body lending. Initially, loan applications will be made by email to the HFA. A full list of requirements are available on the HFA’s website, please see the link below.

    Individual Scheme Loan


    Can an AHB borrow 100% of the project cost?

    Yes it is possible if certain financial thresholds are achieved


    How long will it take to process the application?

    On receipt of a full AHB application, the loan will be processed within 2-3 weeks. After loan approval, the HFA will issue a loan offer letter.


    After loan approval how long until funds are advanced?

    Legal documentation is issued by our legal advisor to the AHBs solicitor. When full documentation has legal approval funds can be released within three days of receipt of a drawdown notice from the AHB.


    Are we guaranteed funds if we have entered into an Availability Agreement with the DoHPLG?

    No, all proposed lending is subject to the HFA assessment criteria.


    Do we require an Availability Agreement with the DoHPLG before applying for a loan?

    Yes, conditional approval by the DoHPLG is an essential requirement.


    What is a Debenture?

    A Debenture is a loan collateralised by Mortgage on the specified assets, namely the underlying property, the Availability Agreement and mandated bank account of the AHB.


    Who is the first point of contact in the HFA for Direct Lending?

    Ms Maria O'Reilly,

    Senior Lending Officer - AHBs,

    Housing Finance Agency plc.,

    46 St. Stephen's Green,

    Dublin 2.


    Phone: 01 8725 722

    Email: directlending@hfa.ie



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