Mr. Barry O'Leary:

I do not think it is a surprise that delivering housing takes between 12 and 30 months. It varies, depending on whether it is turnkey. Many of the AHBs coming to us are doing building acquisitions, so they are contracting for a building to happen but it is on a greenfield site and takes time. Surprise, surprise, during the pandemic it took longer with the shutdown. It is a straightforward thing. We provided the information to show the gap between approvals and advances, which is encouraging.

We are happy to support the mixed tenure part of it. We look at the cash flows that come into a project. I do not really care whether it is CALF or CREL producing the other half of it. I am interested in whether we are getting back our side of things. We are if the cash flows are correct, and we are happy with that.