Mr. Brian O'Gorman:

To be fair, local authorities have much older stock than we do, by and large, apart from some of our members, like the Ivy Trust, which date back before the foundation of the State. Clúid was established in 1995 and Tuath Housing was established a little later still. As a result, all our properties are relatively new. We also have active asset management. We are continuously investing in the properties and carrying out proactive maintenance. This is mainly done on the basis that if we do not proactively maintain properties and have these programmes in place, then the eventual bill will be much more. The hardship we would be inflicting on tenants would be much greater too. It pays to do this. It is good for the tenants and the properties that we are carrying out ongoing maintenance.