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

I appreciate the Minister's answer, but I am not sure for what clarity we are looking. The Central Bank has given its approval. This is about establishing the investment vehicle. The Minister has mentioned that we need to be careful with the credit unions because of their past history, but the Central Bank has given its approval for this form of investment. Therefore, no clarity is needed. The Department allocated funding to work with PwC to establish the special purpose vehicle. Establishment of the special purpose vehicle is needed to accept finance from credit unions to invest in tier 3 approved housing bodies. The Minister may want to advise separately on the need for clarification. If there are outstanding matters that need to be clarified, the credit union sector needs to be so advised. I certainly need to be so advised. There is an absolute desire for the credit unions for the common and community good to become involved in building social and affordable housing and investing in approved housing bodies, but we are dragging our feet. I am asking what clarification is needed. If the Minister is saying September, does it mean that the special purpose vehicle will be set up and established and that the credit unions will be able to start to invest from September? Is that what the Minister's response means?

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