Ms Catherine Keenan:

Shanganagh is a very large site, with 540 units. Because of that, we had to do an environmental impact assessment report. A huge amount of work is involved in that between landscape design, rationales, and all sorts of assessments we must undertake. I think I told another meeting of this committee that this would take about nine or ten months. We are nearing the end of that but when all the investigation work is complete, we now have to do the master plan design element and prepare for planning. It will go directly to An Bord Pleannála for a site of that size, which could take six months to a year. Then we have to go to detailed tender stage. We are no different from the private sector in these things. We must undertake all stages and have the proper governance in place. That is why it takes that long.

I take the Deputy's point about one-bedroom units in Enniskerry Road, however we will have one, two and three-bedroom cost rental units in the Shanganagh proposal. It is also important to say that supply brings down affordability. In Dún Laoghaire-Rathdown we have 23% of the planning activity so that should bring down the affordability costs.

The cost rental model is based on the cost. As others have said, it is based on the tendering process and what those costs come in at. It is somewhat outside our control in that sense. There are other ways that one might look at cost rental. Some countries might do a differential rent type of cost rental scheme but the one that we are modelling is cost rental based on costs.