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The Government has been slammed after it failed to respond to Irish League of Credit Union (ILCO) plans to develop 26,000 homes in Ireland.
Sinn Féin’s Peadar Tóibín TD is calling on any new government to engage with the plans.
Deputy Tóibín said: "The plan outlined how this money could be kept of balance sheet and not add to the states borrowings. All TDs received a copy of the plan.
"I was very impressed by what the Credit Unions had come up with and by their genuine desire to use their fund to invest in construction which would have a massive benefit to many communities. This would also have a number of economic benefits from the creation of thousands of construction jobs.
"It now emerges that in the four months the Fine Gael/Labour government remained in office after the plan was released, no response was made by them. It is an utterly unacceptable situation that in the midst of a very serious and damaging housing crisis a government would ignore such a significant plan from a very reputable organisation."
(CD)
