Housing
Credit unions can invest €1bn in social housing through pioneering fund
Twenty-three credit unions with €35 million to invest have joined the first credit union-backed housing fund, which will target social housing developments
Irish credit unions have the capacity to invest up to €1 billion in social housing initiatives, a director at the country’s first credit union-backed fund has said.
The Credit Union Approved Housing Body fund (CU AHB) – which is regulated by the Central Bank – allows credit unions, as investors, to provide loans to Tier 3 approved housing bodies. It is a sub-fund of Multaque Funds ICAV, an Irish Collective Asset Vehicle.
Twenty-three out of ...