Sinn Féin spokesperson on Finance Pearse Doherty TD has called on the Minister for Finance to clarify the level of funding he has provided, through the Irish Strategic Investment Fund and Home Building Finance Ireland, to investment funds that have proceeded to snap up new homes.
This comes following a report from Killian Woods of the Business Post, which outlined how the Irish Strategic Investment Fund, which is owned by the Minister, provided €60 million to Urbeo investment fund in 2018 before snapping up 242 new homes in Maynooth across two developments in 2019.
Teachta Doherty reiterated his call for the Government to implement long-standing Sinn Féin policy by ending the tax advantages given to these investment funds with the imposition of a stamp duty surcharge.