Michael McGrath
Question:167. Deputy Michael McGrath asked the Minister for Finance if it is possible to invest in social housing through the Ireland Strategic Investment Fund. [35637/14]
View answerTuesday, 23 September 2014
Questions (167)
Written answers
The objective of the Ireland Strategic Investment Fund (ISIF) is to invest on a commercial basis to support economic activity and employment in the state.
Pursuant to the NTMA Amendment Act 2014, the NTMA shall determine, monitor and keep under review the fund's investment strategy. In this context, the agency must consult with both myself and my colleague, the Minister for Public Expenditure and Reform. The investment strategy for the ISIF is currently in draft form, pending consideration by the, soon to be appointed, NTMA Board and timely consultation with both the Minister for Finance and the Minister for Public Expenditure and Reform.
The ISIF will consider any investment opportunities that may arise in the social housing sector and in this regard has already had some engagement with relevant parties, including NTMA agencies, Government Departments and private sector agencies.