Oireachtas Joint and Select Committees

Tuesday, 23 October 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Report on Local Public Banking: Discussion

1:30 pm

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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I would like to get clarification on that because the information on the record from the Minister is that CUDA has been through all of the processes and that it is now able to invest in a special purpose vehicle set up by one of the approved housing bodies. That is our understanding. There is a special purpose vehicle, CUDA is approved to invest in it and the league is likely to be in a position to do that in October. I presume it is the same special purpose vehicle that we have been talking about and to which reference was made in the Minister's comments to the Irish Council for Social Housing and the process that it was involved in. Has a special purpose vehicle been set up? I am slightly confused.