Dáil debates

Thursday, 30 November 2017

Other Questions

Strategic Banking Corporation of Ireland

11:20 am

Photo of Joan BurtonJoan Burton (Dublin West, Labour) | Oireachtas source

The Minister said in a reply to me yesterday that he did not anticipate legislation on home building being brought before the Dáil until some time in the new year and that home building finance Ireland would be set up later in 2018. That is part of my concern because that means that it will be the guts of another full year before it is fully under way because it will have to establish itself and will probably then be working through the pillar banks. There are bureaucracy and organisation involved, followed by loan assessments and evaluations. The end result is the reason credit and funding are not flowing into small-scale house building, whether on the fringes of Dublin where there are more sites available or throughout the rest of the country.

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