Mr. Cormac O'Rourke:

I apologise if I have misled or through my lack of understanding brought the committee to a point where it believes that it is only 10%. If we look at Shanganagh, which was one of our first projects, it is 30%. We will be guided by the local authority as to what the ten-year mix is. As I said, there is a very strong argument, and I have seen this in my TII work, that the bigger the scale, the greater the level of competitive tension and economic scale that can be brought to it. We are going to work very hard on looking at procurement strategies that maximise our ability to drive down the cost. It is by driving down the cost that we will deliver the cost-rental accommodation.

I was very struck by a paper Dr. Rory O'Donnell did on the Housing Commission approximately two years ago that was sponsored by the Department in which he said the game has changed in housing and affordability, and the lack of inflation has actually exacerbated the problem with housing affordability. Some things are within our control; others are not. We will work as hard as we can on those items that are within the control of the LDA, however. We will work with Government on the items that are within its control and push as hard as we can to reduce the cost to the lowest possible level of delivery.