Catherine Murphy (Kildare North, Social Democrats) | Oireachtas source

Obviously, there are significant amounts of money on deposit in credit unions and pension funds. Personally, I do not have any issue with public housing or housing that comes from the public waiting list being delivered through voluntary housing bodies, approved housing bodies or others so long as there is security of tenure and the rents are regulated and affordable. Can we have more of it, please? That would probably be my call on it.

I am aware it was going to be tier 3 in the first instance, and then tiers 2 and 1. In my constituency, I have quite a bit of experience right across the spectrum in this regard. The bigger organisations tend to be the ones that run into fewer problems. It might just be in my area but I certainly have come across serious problems with some of the organisations further down the food chain. There have been cases where rents were not collected, insurance was not paid and there were very significant risks. What is the timeline for the regulation of tiers 2 and 1 to give some guarantees? There are problems and I suspect the regulators will run into serious problems with some organisations.