Oireachtas Joint and Select Committees
Thursday, 6 July 2017
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
ECOFIN Meeting: Minister for Finance
9:30 am
Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source
Yes, it is being done through the banks while they are trying to normalise themselves and sort out difficulties they have on which they are making progress. That is exactly what the Ireland Strategic Investment Fund is trying to do. The fund provides credit lines to our pillar banks to allow them to lend for commercial activity. That is the kind of transaction that has occurred here with Cairn Homes. That said, I take the Senator's point that we need to ensure that we remove the roadblocks so that credit is made available in a sustainable way to companies of various types that can build more homes to meet the need that exists. I know that needs to be done and we are trying to do it.
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