Darragh O'Brien (Dublin Fingal, Fianna Fail) | Oireachtas source

Senator Cummins is right. I am actually quite content so far that we have schemes off the ground. If you take Blackrock Villas in Cork city, there are 274 units in that one development alone. That is the largest private sector apartment development in Cork city in over a decade.

Over the five schemes, we have 582 units. A further seven proposals are with the Housing Agency for assessment for another 621 units. We are actually very close to putting out a third call and to speak directly to what the Senator has been saying, we have looked at it and like any new scheme, you look at and put it out to see what the interest is. We have actually engaged with the development sector, including Home Building Finance Ireland, HBFI, on this, and have undertaken a review of the scheme.

There are a number of possible adjustments we will make in relation to backstopping that. We want these for purchase as well.