Ms Tina Donaghy:

It depends on the outturn of the model. some years ago the ICSH developed a financial model which is accepted by the Department, the Housing Agency and us for use as an assessment tool. Recently, with the increase in market rents, the terms of the agreements are sometimes far shorter than was previously the case and the percentage of market rent payable may also be far lower. In the early days of the model, the AHB may have received 90% or 95% of market rent, but it may now receive 80% or 85%. Under the model, the percentage of market rent AHBs can claim has dropped. That keeps the level of investment by the State on a more even keel.