Mr. John Coleman:

I can only speak for the Land Development Agency and what it is going to do. We can touch on the larger Rebuilding Ireland targets separately. It is not that we are selling to private developers without any delivery commitment or retaining any interest in schemes. The agency will seek to retain an interest in them. That could be done through licensing or other arrangements to achieve value for the taxpayer and the State. Not all of the properties will necessarily be rented back on the open market. Normal people will be taking out mortgages, buying and living in the homes as owner-occupiers. It is not the case that they will all be placed back in the private rental market.

To try to assist with affordability measures, we are targeting a figure of 30%. A minimum of 30% of the housing delivered on State lands must be designated as affordable. One of the tenures we are trying to develop in that respect and which is still new in this country is cost rental. A cost rental arrangement pares the level of rent down to the minimum needed to cover the cost of producing the unit. These are positive developments in the context of affordability, as well as the wider picture of enhancing affordability through better land supply management.