Mr. Brian Geaney:

The subvention will help. It is being increased to 45%, but the main challenge is the 1% interest rate increase introduced by the HFA. I will offer some comparisons. In Lancaster Quay a two-bedroom apartment is coming in at just under €1,100 and one-bedroom apartment is just under €1,000. With construction inflation and some of the newer opportunities under consideration, there will be an increase in rents which would make them €1,350 or €1,400 per month. There are projects that would be difficult to justify as affordable in the current market. With the increase in the subvention, it is to be hoped we will make some projects more affordable.