Expression of interest
Gresham House Asset Management Ireland (Gresham House Ireland) is inviting credit unions to invest in the Gresham House Credit Union Income Fund ( the Fund), an investment vehicle that will invest in Tier 3 Approved Housing Bodies (AHBs) through the issue of loans for the provision of social housing.
The Fund has been specifically designed for credit unions in line with the Credit Union Act 1997 (Regulatory Requirements) (Amendment) Regulations 2018 (the Act). Under this Act, the limits for investment into Tier 3 Approved Housing Bodies are that a credit union shall not make an investment into a regulated vehicle which would cause the credit union’s investment to exceed:
a) 50% of the credit union’s regulatory reserve, where the credit union has assets of at least €100 million, or
b) 25% of the credit union’s regulatory reserve, where the credit union has assets of less than €100 million
Please provide the following information in relation to your interest to invest in the Fund to Gresham House Ireland at the details below and we will contact you with further information.
Please note that by submitting your details below, you are consenting to your data being processed for the purposes of providing you with more information in relation to the Credit Union Income Fund and also to be contacted by Gresham House Ireland in relation to this fund.
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