Catherine Murphy (Kildare North, Social Democrats) | Oireachtas source

The expectation when this fund was set up was that it was not for institutional investors, but for small and medium builders, as opposed to developers, who could not get funding. This fund is a significant difference from the expectation when the HBFI was first established. Why could institutional investors not source funding in a market where there was cheap money and negative interest rates? In a scenario where there is significant unmet demand, that is not going to change. Where is this approach coming from? I do not see where it is coming from.