Developers slam ‘unworkable’ state house building fund
Activate Capital was expected to finance the building of 11,000 homes
A €500 million government-backed fund launched six months ago to finance house building has failed to lend out a single penny.
The Activate Capital fund, a joint venture between the government and a private equity firm, was expected to finance the building of 11,000 homes to ease the massive supply crisis in the housing sector.
This construction would create 1,900 new full-time jobs per annum, the government said when the special fund was ...
