Damien English (Meath West, Fine Gael) | Oireachtas source

I refer to what I said last year. I do not have the exact words in front of me but I was clear that we are not launching an SPV. We cannot do that and it is not our job. We have helped the sector to develop the SPV. We have given advice to the innovation fund. It is up to that sector. One of the credit union representative bodies has an SPV ready to go. That is what I said last year and have said again. It is called the Credit Union Development Association, CUDA. The Deputy can contact it himself and the representative body will tell him all about it as well. It has an SPV ready for investment. That is what I said last autumn and I am happy to repeat that. It is open for business and would like to invest some of the money from its membership into social housing. The SPV being designed by the ICSH is being worked on. It hoped to complete it last autumn. It will be completed in this quarter and will be available for credit unions in general. I was clear last year that one of the credit union representative bodies, CUDA, is ready and able and wants to invest. The Deputy can check the record.

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