Bank of Ireland commits €35 million to support new social housing development in Dundalk

17 June 2025 – Bank of Ireland has announced a €35 million financing commitment to support the development of a new 142-unit apartment scheme in Haggardstown, Dundalk. The project, led by Bluemont, will deliver high-quality homes dedicated to social housing, addressing critical housing needs in the region.

Bank of Ireland is currently supporting the construction of more than 24,000 homes, across all housing types, on 235 sites in 22 counties.

The Dundalk project is part of the Bank’s broader ambition to support the construction of 30,000 homes across Ireland. The development will provide modern, energy-efficient homes, each constructed to a minimum Building Energy Rating (BER) of A3.

Andrew Conway, Associate Director, National Housing at Bank of Ireland Corporate & Commercial Banking, said: “We are delighted to demonstrate our support for our house builders in delivering much-needed homes across the country, a key priority for Bank of Ireland. Socially impactful, sustainable schemes such as this will be critical in that delivery.”

Sean Corroon, CFO of Bluemont, commented: “Bluemont is delighted to complete our latest transaction with Bank of Ireland which secures financing of our Dundalk development. With a strong pipeline of over 1,000 units at various stages of planning and construction, Bluemont continues to build high-quality homes throughout Ireland. We are grateful for the strong support from Bank of Ireland.”