Oireachtas Joint and Select Committees

Wednesday, 25 November 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Credit Union Sector: Discussion

12:00 pm

Mr. Kevin Johnson:

On whether the Government is the borrower in respect of social housing, it does not have to be. Our proposal, to which I referred, is very consistent with Government policy, which is to take the type of financing off-balance sheet for the State. The credit union would actually be the lender. Our proposal clearly sets out the risks and how they would be managed.