Oireachtas Joint and Select Committees

Wednesday, 5 July 2017

Joint Oireachtas Committee on Housing, Planning, Community and Local Government

Finance for Social Housing: Irish League of Credit Unions (Resumed)

9:30 am

Photo of Grace O'SullivanGrace O'Sullivan (Green Party) | Oireachtas source

I have a few questions. I am sorry I was late. I hope these questions are appropriate. I share the concerns of my colleagues. I, too, would like to know why there has been a delay and what exactly the problem is. In addition, why is the proposed financing of social housing by the credit unions limited to tier 3 approved housing bodies? I had thought it would be prudent to start at tier 1 as a smaller cohort and then test the system and move up the ranks. What will be the criteria to invest in social housing? Will there be a uniform level of oversight when credit unions are selected to the scheme? What issues or difficulties does the Central Bank foresee with the provision by credit unions of finance for social housing? What strategy will be deployed to let credit union customers know that their branches are investing in social housing?

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