Dáil debates

Thursday, 27 September 2018

Ceisteanna Eile - Other Questions

Credit Union Lending

11:20 am

Photo of Eoin Ó BroinEoin Ó Broin (Dublin Mid West, Sinn Fein) | Oireachtas source

I completely understand it is not the Department's responsibility to create the SPVs, whether for the approved housing bodies to borrow or the credit unions to lend. However, what we are hearing from both of those sectors is they do not feel they are getting enough assistance from the Department of Finance, with its expertise in this area, and possibly from the Minister of State's Department to help them set up either one vehicle or two separate vehicles, that is, one to lend and one to borrow. I urge the Minister of State to use his good offices, along with the Department of Finance, to bring together the various players and to try to assist them in doing what we all agree on, namely, the setting up of the vehicle or vehicles to get the lending flowing.

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