Mr. Conor O'Kelly:

To build 33,000 houses per year, one needs €11 billion per annum. The State has committed to €4 billion per annum to housing. Huge capital requirement from the private sector and investors will be needed to deliver on those 33,000 units, which is in the Housing for All plan. That €4 billion is a larger number than the State has ever invested before. I think it is okay to borrow those kind of sums annually for housing.