Oireachtas Joint and Select Committees
Wednesday, 12 December 2018
Joint Oireachtas Committee on Housing, Planning and Local Government
Rebuilding Ireland: Minister for Housing, Planning and Local Government.
9:30 am
Eoghan Murphy (Dublin Bay South, Fine Gael)
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On credit union funding, we have changed the law. The Central Bank has changed the conditions around credit union funding. We have provided funding to allow the credit unions to explore how they put together a special purpose vehicle, SPV. We cannot force a housing body and a credit union to come together in an SPV. We also cannot set up the SPV.