Mr. Kevin Johnson:

The Credit Union Development Association met with the Strategic Banking Corporation of Ireland, but credit unions are extremely well positioned to provide funding directly for social housing. As Mr. Farrell outlined, there is a mechanism to do so as an investment. We have produced a very detailed proposal on how this can be done as a loan, which is traditional within the credit union business. We are very happy to share that with the committee because we have been working on it for some time and it would be fantastic to get the support of the committee for it. It requires a small enhancement - not a change - to the legislation to permit the credit unions to do it. I would be more than happy to circulate that.