Mr. David Walsh:

The dividend from the LIHAF depends on the output, the price of the lands opened up and what will be facilitated through the local authority. The grant agreements allow for the local authority and the developer to come back. We have made it clear that until such time as the agreements are in place, no money will be paid out. If a local authority cannot reach an agreement, we will have to explore what we can do. The greatest risk is that we will pay out scarce capital funds and will either not deliver the infrastructure or will deliver it but the housing will not come through.