Dáil Éireann Debate, Tuesday - 10 February 2026
216. Deputy Willie O'Dea asked the Tánaiste and Minister for Finance if he will provide a breakdown of credit unions who have invested in the Credit Union Approved Housing Body fund since its inception; the amounts invested; the total number of housing units delivered; and if he will make a statement on the matter. [9532/26]
View answerInvestment in Approved Housing Bodies (AHBs) is permitted under credit union regulations, introduced by the Central Bank of Ireland in March 2018. Under these regulations, over €1 billion can be invested by credit unions in the Credit Union AHB Fund ("the Fund"), who in turn lend this money to AHBs for the purpose of investment in social housing units.
The Fund is a Central Bank regulated fund established by credit unions, that all credit unions can invest their members savings in.
It is important to note however, that the Fund is operated privately, and neither I, nor the Minister of State have any role in the operation of the Fund, and as such I do not have access to complete or verified data.
Based on recent information provided to me by the Fund, 32 credit unions from a total of 172 have invested. Collectively, these credit unions have invested €47m that has financed approximately 200 homes in following counties; Dublin, Cork, Wicklow and Galway.
