Monday July 13, 2020

Focus Ireland backtracks on cheaper loans claims

Focus Ireland has backed away from its claim that the Housing Finance Agency was unable to offer cheaper loans than commercial banks.

Susan Mitchell

Deputy Editor and Health Editor

30th August, 2015
Labour TD Joanna Tuffy

The charity was one of two homeless charities that claimed that the government’s Housing Finance Agency (HFA) was not offering attractive loan rates.

In a statement that it issued last week, Focus Ireland said: “The sad truth is that while Focus Ireland is in the process of borrowing millions of euro to build new homes, it is incredibly cheaper for us to borrow it from commercial banks than from the government’s HFA fund.”...

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