Social Housing – an introduction for credit unions to the social housing community
New regulations introduced by the Central Bank of Ireland (CBI) in 2018, allow credit unions to invest excess members’ savings into social housing through providing loans to Tier 3 Approved Housing Bodies (AHBs). To that end, a number of funds have been approved by the CBI over recent months which allow credit unions to become a funding partner to AHBs and to assist in delivering on their targets for social homes under the Irish government’s “Housing for All” strategy.
But why should credit unions invest in social housing, what are AHBs and what are the benefits to credit unions of investing in loans to the sector?
Gresham House Ireland is delighted to invite credit union executives, members of their boards, committees and related parties to register to watch the on-demand webinar that answer the above questions with a panel of key members of the social housing sector, including guest speaker, Minister for Housing, Darragh O’Brien.
Gresham House Ireland opened the Gresham House Credit Union Income Fund to all credit unions across Ireland in January 2022.
Housing for All and the importance of Approved Housing Bodies for delivering government targets for social housing
Guest speaker: Darragh O’Brien, Minister for Housing, Local Government and Heritage
What are Approved Housing Bodies and what do they do?
Camille Loftus, Executive Director of the Housing Alliance (representing the 6 largest housing bodies)
How do investments in social housing work?
Fidelma McManus, Partner & Head of Housing at Beauchamps LLP