Ms Rosalind Carroll:

The way it works under the model is that instead of the body getting a capital payment from the Department, it gets a payment and availability agreement which is essentially a revenue payment. That revenue payment is linked to market rent and is based on 92% of market rent. The body has that money coming back in and it is up to it to try to pay back the loan through that revenue stream. It is a constant revenue stream rather than an upfront capital payment coming from the State.

Deputy Dowds asked if housing is being delivered as rapidly as possible. Mr. Barry O'Leary mentioned €60 million or thereabouts in terms of drawdowns so far from the AHB sector.