Eoghan Murphy (Dublin Bay South, Fine Gael) | Oireachtas source

I thank the Deputy for his follow-up and clarification. The Enniskerry Road project is a very interesting example of how complicated the delivery of cost rental can be. It does not have to be. This is why we are working on a national policy framework, and we have a working group set up to do that. This is also why the EIB is involved and it means we can something that is a bit more off-the-shelf. The Deputy will be aware that the Enniskerry Road project involves the Housing Finance Agency and two approved housing bodies. While the finance arrangements around this are in place now, it took some time for them to be constructed. We have a number of people working on the different types of finance available and how it might be structured into longer-term loans. These are the National Development Finance Agency, the European Investment Bank and some private consultants for some of the individual sites. I have no doubt that as we continue to develop this, we can continue to find longer-term sources of finance that can drive down some of the costs of delivery and therefore, drive down cost rental.

In what we are seeing the delivery of affordable housing for purchase, obviously I cannot overrule the Housing Agency when it comes to decisions made by it or by local credit committees under the Rebuilding Ireland home loans-----

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