Mr. Frank Curran:

They are being dealt with. As I said, unsold homes are being occupied by social housing tenants. The interest on the loans is being paid. We need to sit down and examine this situation. As I said, a working group has been established. In terms of what to do in the future, do we leave them or transfer them to approved housing bodies and continue to let them to social housing tenants?

Mr. Taaffe is involved with Cork City Council through the housing delivery co-ordination office. It is examining the parcels of land, in particular, and determining in the first instance whether we can develop social, affordable and cost rental housing on those pieces of land. If that is not possible or is unlikely, we, along with the Department and the HFA, will consider what the best option is for dealing with the loans. That is actively being worked on at the moment.