Seanad debates
Thursday, 22 November 2018
Home Building Finance Ireland Bill 2018: Committee and Remaining Stages
10:30 am
Kieran O'Donnell (Fine Gael) | Oireachtas source
The Irish League of Credit Unions has stated that it has members' funds at its disposal that are currently on deposit in mainstream banks in most cases. It would like to be able to use those funds in a relatively risk-free investment. It has €7 billion at its disposal overall. Could it provide some of that funding for a special purpose vehicle run by the State to provide housing? HBFI is a lending body. Could this provide such a vehicle?
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