Credit union lending for social housing makes sense
Three years later, the Central Bank is set to approve the Irish League of Credit Unions’ plan to invest members’ savings in social housing. It is a sound social and economic move
In October 2014, the Irish League of Credit Unions (ILCU) proposed investing millions of euro of its members’ savings into social housing. Three years later, the Central Bank looks set to give the proposal the green light.
The origin of the offer goes back to 2012 when the government commission on credit unions recommended broadening the sector’s investment options. The follow-on Credit Union Act of the same year held out the prospect of ...
