Darragh O'Brien (Dublin Fingal, Fianna Fail) | Oireachtas source

That is the work to which I referred in response to Deputy Higgins. The €53,000 net cap is in place at present. We are working on a tiered arrangement within that and potentially looking at regional prices within it, because there are different rents in different parts of the country and different levels of income too, but that is being worked on. It will be advanced before the summer recess. We have been engaged quite heavily with the AHB sector and the LDA, which have delivered the first cost-rental homes. Interestingly, we are seeing local authorities tomorrow in south Dublin. We will break ground on 134 new cost-rental units that are being delivered directly through South Dublin County Council. Local authorities can borrow at a lower rate through the Housing Finance Agency, HFA, than the AHB sector. There will be some structural changes to cost rental in the coming months to ensure its viability into the future.