The Conference of Religious in Ireland is asking its members to consider the generous social welfare commitments contained in the proposed National Partnership Agreement.
CORI says the deal would deliver the Government's national anti-poverty strategy by its 2007 target date.
CORI spokesman Father Sean Healy said: "I would like to see far more on social housing, on issues around care generally, in a whole range of other areas, but that was not to be.
"What we have to do is look at what we have on the table at the moment and at the moment we in CORI are doing that. We are consulting with our own members before agreeing to sign the National Partnership Agreement."