Mr. Brendan McDonagh:

The important point is that there are more than 20,000 units delivered at a time when there is a severe housing crisis. I totally agree with the Deputy on that. From our point of view, a number of debtors came into NAMA who had a land bank but no funding available. We provided funding to them to get planning permission, put in infrastructure and helped to make the land ready for building. If we go back to 2015, when the board looked at the business plan for the residential programme, at that stage we had debtors in our portfolio that included a large number of housebuilders with the potential to deliver approximately 17,000 units. Not all of them had planning permission at that stage, but some of them were due to get planning permission.