Mr. Mike Allen:

That is the way to go and as I am sure the Senator is aware, Clúid already has a project which looks like that. One should think through the consequences within the sector of doing this, in that a not-for-profit organisation engaging in profitable market activity must do a great deal of thinking about how it sets its wage levels, its governance levels and a range of similar issues. If private landlords are a cottage industry, so too are approved housing bodies in Ireland. They are doing excellent work on a voluntary basis and to place such an expectation on them without thinking through seriously the governance and regulatory issues would be somewhat premature. While we must think through these matters, in principle it is a good way to progress, once one makes sure the bodies stay true to their ethos.