Dr. Kieran McQuinn:

Regarding the Deputy's point about the role of PPPs, we have not examined it. We have made suggestions of greater investment in and provision of social housing. The model that has been used - the 10% rule - is generally conditional on a certain amount of construction taking place. One will only get 10% of whatever is built. In terms of the rule, one needs to get 7% or 8% of actual construction. When there is no construction in the economy, one is getting 10% of nothing. Given the state of the housing market and, in particular, the provision of social housing, one needs to consider the model that existed in the 2000s. Even after the crisis, we were still building 3,500 or 4,000 social houses, even if that did not meet the requirement. In 2012, 2013 and 2014, we only built a fraction of that.