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Housing Finance Agency

The Housing Finance Agency, or HFA, has two main functions:

  1. Housing: the HFA’s function is to advance loan finance to local authorities and the voluntary housing sector. This finance can then be used by them for any purpose authorised by the Housing Acts, 1966-2009. It is typically used to support the development or purchase of social housing.
  2. Infrastructure: the HFA can lend funds to local authorities for water, waste and environmental capital projects under the terms of the Housing (Miscellaneous Provisions) Act, 2002.

The Housing Finance Agency is a company under the aegis of the Minister for Housing, Planning, Community and Local Government of Ireland. It was established by the Housing Finance Agency Act 1981 and incorporated in 1982. Its shares are owned by the Minister for Public Expenditure and Reform of Ireland. The HFA's mission is to source and structure this loan finance in a cost-efficient manner, and to the requirements of its customers.

The HFA is self-financing, adding a small margin onto its cost of funds to cover its administration costs, and does not receive any Exchequer subvention.

The HFA’s Board is appointed by the Minister for Housing, Planning, Community and Local Government with the consent of the Minister for Public Expenditure and Reform. It has 12 members and is representative of such as local authority members and officials, the voluntary housing sector and senior public servants.

A Service Level Agreement (SLA) is in place between the Department and the HFA to ensure that the HFA discharges its statutory functions in an efficient and effective manner.

For further information, please visit the Housing Finance Agency’s website.