Housing

Bank of Ireland announce fresh lending to help deliver 25,000 new homes by 2026

Bank has said it will make free another €750 million, bringing its funding to €2.5bn

Bank of Ireland announces fresh funding of €750 million to deliver social and affordable housing. Photo: Fergal Phillips

Bank of Ireland is increasing its lending to housing development which it says will help build 25,000 new homes by 2026.

The bank is to bring its total funding for housing development to €2.5bn by 2026 with the addition of another €750 million, it has announced.

In its statement, Bank of Ireland said the 40 per cent extra funding for housing developments will help support the construction of 25,000 units from houses to small and ...