Darragh O'Brien (Dublin Fingal, Fianna Fail) | Oireachtas source

Question No. 24 was my first priority question, for those in the Irish League of Credit Unions who may be watching proceedings. I want to ask the Minister about the progress made or lack thereof in the development of a special purpose vehicle. For almost five years the credit unions have been advocating utilising about €10 billion worth of assets for investment in the social good, but not one cent of that money has been used to date. The Central Bank announced on 1 February this year that it had granted approval and changed regulations to diversify the classes of investments for credit unions which can play a really big role in investing in social and affordable housing. When will the special purpose vehicle be set up to allow credit unions to invest in social and affordable housing?

See this speech in context