Home Building Finance Ireland (HBFI) have launched a new green loan product offering a discount of up to 0.5% on loans to homebuilders for developments certified with Irish Green Building Council’s Home Performance Index certification. The HBFI Green Funding Product is the first Irish green financial product fully aligned to the Paris Agreement and EU taxonomy regulations. In order to qualify for the discounted product, all residential projects must be certified to the Home Performance Index standard.
Home Performance Index was developed by Irish Green Building Council as the first comprehensive sustainability certification for new Irish homes and 3,250 homes have registered for certification to date. The certification goes well beyond the BER to address all of the environmental impacts of new homes such as the production of building materials, impact on ecology, pollution, water consumption and flood risk. However, it also encourages home builders to improve the health of new homes by improving daylighting and acoustics and minimising harmful chemicals such as radon and VOCs.
The partnership has been developed as part of the SMARTER Finance for Families initiative, funded by EU Horizon 2020 program grant no. No.847141.
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