Mr. Barry Quinlan:

I will make some quick comments and then bring in Mr. Nicholson on some of the detail. I will comment on cost rental generally. This is a point I made at the start in terms of social housing and HAP. We really want to distinguish cost rental in particular at the outset as a new form of tenure. What is proposed is that this will not be social housing at the start. It will be separate and distinct and more targeted at the squeezed middle, the people who do not qualify for social housing but who have affordability challenges. At the outset, that is important to note. We have put in a safeguard so that if a person's circumstances change, and after a period he or she goes from private cost rental on to social housing where the rent was being paid through HAP, then it would be facilitated so that the person would not necessarily lose the tenancy. That is an important element of it. At the outset, we want the scheme designated for the people it is targeted at, which is a different cohort.

That is the rationale behind that.

There was a question about the €75 million. It was an important signal of intent for the Government and the Minister in budget 2021. It has given momentum and impetus to us in our work in trying to design the scheme and have it operational this year. It will depend on the amount of equity stake that the State would take in an individual property. It depends on how many home buyers can be supported. The scope is in the thousands. We see it beginning this year in the low thousands or perhaps hundreds - these are the numbers. As Mr. Nicholson said, that is the scope generally contemplated for the scheme at the moment. It is a targeted, immediate measure to boost realisable demand and supply in the short to medium term. A good deal of planning permission has not commenced. Mr. Nicholson may wish to address the other technical question.