Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Even with the fact that there is no site cost, a house costing €170,000 is still a very low cost house. We have people coming before this committee, including NAMA, saying that house prices have to be €330,000 before it is viable to build them. In Ballymun, through Allied Irish Banks finance and a Housing Agency, they are able to deliver a house, excluding the site cost for €170,000. That is a model that we need to replicate fast. Does the bank intend to go into this sector on a larger scale? I know that the bank will be entering phase two, but would the bank be open to financing this in a large scale?