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

That is fine and I will take the Minister of State at his word, but the indications we have received are that credit unions will not be able to invest in the SPV once established thanks to how it will be structured. The Minister of State is not personally setting it up, but has he received the same indications and does he believe that, once the work is finished in October, the credit unions will be able to invest in the SPV? I hope that my indications are wrong. I appreciate that the Government wants to seek different streams of investment for social housing. This is a good idea and should work, but we are slightly frustrated with the delays. It is complex work, but if the establishment date is now October, then it should be October. The last thing I want is for the work to be completed in October only for us to find out that there is another hurdle to get over because the SPV has been structured in such a way that credit unions cannot invest in it.

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