Paul McAuliffe (Dublin North West, Fianna Fail) | Oireachtas source

I thank the Chairman. I confirm that I am speaking from the confines of Leinster House. As the Vice Chairman of the committee I welcome all guests today. I especially welcome Mr. O'Connor. Some 18 months ago both of us launched a discussion document on the cost rental model in Dublin City Council. It is particularly fitting that we are here now putting a legislative base on a cost rental model.

I believe there is broad agreement among the three submissions and among the committee that the cost rental model is really important. I believe, however, that when we all agree, that is often when we need to be more critical. We still have a long way to go in cost rental units to make sure they do not become middle-class enclaves, there is a social mix, and there is transparency around maintenance, governance and estate management. I will let others raise those concerns later.

I want to focus on the affordability measures and affordable purchase. My first question is to Dr. O'Toole from the ESRI. While I read the institute's submission, I was not here when Dr. O'Toole spoke about the home ownership and shared equity. Which of the two schemes was Dr. O'Toole referring to with regard to shared equity?