Home Building Finance Ireland Act 2018

Number 28 of 2018

HOME BUILDING FINANCE IRELAND ACT 2018

REVISED

Updated to 1 August 2026

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This Revised Act is an administrative consolidation of the Home Building Finance Ireland Act 2018. It is prepared by the Law Reform Commission in accordance with its function under the Law Reform Commission Act 1975 (3/1975) to keep the law under review and to undertake revision and consolidation of statute law.

All Acts up to and including the Development (Strategic Gas Reserve) Act 2026 (36/2026), enacted 23 July 2026, and all statutory instruments up to and including the European Union (Restrictive Measures concerning the Democratic Republic of the Congo) Regulations 2026 (S.I. No. 411 of 2026), made 31 July 2026, were considered in the preparation of this Revised Act.

Disclaimer: While every care has been taken in the preparation of this Revised Act, the Law Reform Commission can assume no responsibility for and give no guarantees, undertakings or warranties concerning the accuracy, completeness or up to date nature of the information provided and does not accept any liability whatsoever arising from any errors or omissions. Please notify any errors, omissions and comments by email to revisedacts@lawreform.ie.

Irish harp illustration


Number 28 of 2018


HOME BUILDING FINANCE IRELAND ACT 2018

REVISED

Updated to 1 August 2026


CONTENTS

PART 1

Preliminary and General

1. Short title and commencement

2. Definitions

3. Expenses

PART 2

HBFI

4. Formation of Home Building Finance Ireland

5. Constitution of HBFI

6. Group entities of HBFI

7. Functions of HBFI

8. Board of HBFI

9. Services, systems and staff of HBFI

PART 3

Funding of HBFI

10. Share capital of HBFI

11. Alienation of shares by Minister

12. Payment of dividends

13. Borrowing by HBFI

PART 4

Financial Statements and Public Accountability

Chapter 1

Financial statements of HBFI and HBFI group entities

14. Interpretation (Chapter 1)

15. Preparation and audit of statutory financial statements of HBFI and HBFI group entities

16. Appointment of statutory auditor or firm

Chapter 2

Public accountability

17. Accountability to Committee of Public Accounts

PART 5

Consequential Amendments

18. Amendment of section 246 of Taxes Consolidation Act 1997

19. Amendment of National Treasury Management Agency (Amendment) Act 2014

20. Amendment of Freedom of Information Act 2014

PART 6

Miscellaneous Provisions

21. Shadow directors

22. Disclosure of confidential information

23. Power of Minister to give directions

24. Review of achievement of purposes of HBFI

25. Communications with HBFI

26. Disapplication of certain provisions of Companies Act to HBFI

PART 7

Local Property Tax

27. Definition (Part 7)

28. Amendment of section 24 of Act of 2012

29. Amendment of section 64 of Act of 2012

30. Deletion of section 73 of Act of 2012

31. Payment of local property tax deducted by employer

32. Amendment of section 75 of Act of 2012

33. Notification by employer

34. Declaration by employer

35. Deletion of section 80 of Act of 2012

36. Amendment of section 119 of Act of 2012

37. Amendment of section 133 of Act of 2012

38. Amendment of section 145 of Act of 2012

39. Commencement (Part 7)


Irish harp illustration


Number 28 of 2018


HOME BUILDING FINANCE IRELAND ACT 2018

REVISED

Updated to 1 August 2026


An Act to provide for the formation of a company to be known as Home Building Finance Ireland; to provide for the making available of financing by the company for residential development in the State; to amend the Finance (Local Property Tax) Act 2012 and the Freedom of Information Act 2014; and to provide for related matters.

[3rd December, 2018]

Be it enacted by the Oireachtas as follows: