Gerry Horkan (Fianna Fail) | Oireachtas source

I move recommendation No. 1:

In page 22, between lines 42 and 43, to insert the following:"(26) The Minister shall, within three months of the passing of this Act, prepare and lay before the Oireachtas a report on the effectiveness of the Activate Capital development finance for residential redevelopment schemes under the Ireland Strategic Investment Fund and set out the options for a sustainable finance model for the construction of new residential homes.".".

I discussed this with some of the officials in the past day or so. It seeks a report within three months of the passing of the Act to be prepared by the Minister and laid before the Oireachtas. The report would deal with the effectiveness of the Activate Capital development finance for residential redevelopment schemes under the Ireland Strategic Investment Fund, ISIF, and set out the options for a sustainable finance model for the construction of new homes. The recommendation is quite self-explanatory and just asks for a report within three months on the effectiveness of this part of the Bill.