Initiative Ireland’s new partnership will allow credit unions to lend to Approved Housing Bodies 6th January, 2021
Sinead Byrne and Padraig Rushe of Initiative Ireland: the start-up plans to ramp up activity this year in both Ireland and Britain. Picture: Harrison Photography
When Pádraig Rushe launched Initiative Ireland three years ago, his aim was to level the playing field in property lending, allowing ordinary people to co-fund social and affordable housing.
Since then, Initiative Ireland has financed more than €25 million in loans. Now, under a new partnership with the Credit Union Development Association, it is preparing to launch a fund that will allow credit unions to lend to Approved Housing Bodies (AHBs) nationwide.