Mr. Roger Harrington:

This is an issue that has arisen in the context of the CALF review and in terms of the wider debate that is going on in the approved housing bodies, AHB, sector, as we discussed, regarding the levels of gearing. We have very recently completed the CALF review and it has been approved by the Minister. It is currently on its way to the Department of Public Expenditure and Reform for its sanction. One of the recommendations is to establish an internal departmental working group to look at the issue of gearing. In terms of potential solutions to that issue, we will be looking at the equity stake idea.