Tánaiste turns sod on 410 home development in Bishopstown, Co. Cork

Tánaiste and Minister for Finance, Simon Harris T.D., today turned the sod on a a significant new mixed-tenure residential development in Bishopstown, Cork that is being delivered with funding from Home Building Finance Ireland (HBFI).

Waterfall Avenue, led by Bridgewater Construction, will provide up to 164 much-needed homes for the area.

These homes are being actively delivered under phase 2 of the scheme with phase 3 set to commence in June and deliver a further 246 units.

Speaking at the site in Bishopstown today, the Tánaiste and Minister for Finance, Simon Harris, said:

Minister for Housing James Browne added:

Dara Deering, CEO of HBFI said:

Paul Barrett of Bridgewater Homes said:

Notes:

Site Information:

• Location: Waterfall Road, Bishopstown, Co. Cork
• Homes: 164 new homes, comprising 64 houses, 46 Duplex and 54 apartments. 46 units will be Part V.
• At present, Bridgewater Homes currently have c. 50 staff employed across their 6 active sites in Cork.
• HBFI are positioned to fund the development of 410 units across two phases at Bishopstown.

HBFI’s Role in Supporting Housing Delivery:

• Since its establishment in 2019, HBFI has approved over €3.3 billion in funding.
• This has supported nearly 17,000 homes across 233 developments in 25 counties.
• 82% of HBFI loans are €20 million or less, demonstrating its strong backing of small and medium‑sized builders.
• Over 40% of homes supported by HBFI to date are social and affordable units.
• Following Budget 2026, HBFI has also secured an additional €200 million in funding capacity, strengthening its ability to respond to financing gaps and accelerate housing delivery in areas where it is most needed.