State silence on €5bn social housing loan

The Irish League of Credit Unions (ILCU) has criticised the Government for failing to formally respond to its offer of a €5bn loan for social housing.

ILCU president Brian McCrory said yesterday that communication with the Government over the offer is a roundabout that seems to be interminable.

Last October, the ILCU formally submitted a proposal to the Government to provide €5bn in funding for social housing.