Mr. Sean O'Connor:

Exactly. I think associations would be willing to provide mixed-tenure solutions including ownership, particularly affordable sales. No different from the local authorities, our worry would be that if there is a sudden adverse move in the property market, we are left holding the baby. I certainly would not want us to go down the UK route. I used to work for a massive association with 150,000 homes in the UK. Some 75% of its activity is now private home sales. That is not what the sector is about in Ireland. It is about social housing. While this would be cost rental or affordable sales, I think associations would be willing to do it but our lenders would also be looking at what safety nets are in place. If there was a sudden crash, what happens with those homes? Could they convert to cost rental rather than sales? Could they convert to social?

A fair few of us do sheltered housing. It is a minor part of my association. I think Oaklee Housing does more. Maybe Ms Cosgrove would come in on that.