Oireachtas Joint and Select Committees
Thursday, 5 May 2016
Committee on Housing and Homelessness
Irish League of Credit Unions
10:30 am
Mr. Ed Farrell:
Not all of the €8 billion. We have €8 billion or €9 billion in surplus funds that are not loaned out. We have shown scenarios. The strategy refers to 35,000 new housing units being built with the preferred provider being the approved housing bodies. We have shown that if the approved housing bodies build one quarter, half or three quarters of them, that would mean €1 billion, €2 billion or €3 billion from us.
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