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Functions of HBFI
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7. (1) HBFI may lend money for the purpose of funding residential development in the State, provided that such lending shall be on commercial terms.
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(2) In lending money under subsection (1), HBFI shall—
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(a) take into account all of the risk factors relevant to such lending, both in respect of the residential development concerned and the business of HBFI, and
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(b) aim to—
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(i) contribute to the economic and social development of the State, and
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(ii) enhance the competitiveness of the economy of the State.
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(3) In complying with its obligation under subsection (2) (b) (i), HBFI shall have regard to the policy of the Government relating to housing.
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(4) HBFI shall have all such powers as are necessary or expedient for, or incidental to, the performance of its functions.
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