Brian Stanley (Laois-Offaly, Sinn Fein) | Oireachtas source

I thank Deputy Murphy. Deputy Carroll MacNeill is not in attendance as far as I can see from the screen. As referred to by Deputy Murphy, the project is expected to achieve a starting cost rental of €1,200 per month, which is a significant discount on rents of circa €2,000 per month for a comparable two-bedroom home in the same area, but it is still coming in fairly high. Deputy Carroll MacNeill's question was around the ownership, which is outlined in the correspondence that says it is one of the first cost rental homes projects in Ireland. The project is 50 two-bedroom cost rental apartments on Enniskerry Road in Stepaside by Dún Laoghaire-Rathdown County Council. These will be completed and tenanted by Tuath Housing and Respond, both approved housing bodies, in the third quarter of 2021. There are also 105 social homes. Deputy Murphy's point is they are still costing €1,200 a month, which still a high enough rent considering there is Government and Exchequer subvention. Is that the point being made by Deputy Murphy?