Eoin Ó Broin (Dublin Mid West, Sinn Fein)

The reason that is important is that the total spend under subhead A3 last year was €1.851 billion. When we take out the €250 million for the development levy waiver, which strictly speaking is for other purposes, the actual amount of money that is being allocated this year for local authority housing is €1.6 billion, so it is less than last year. The Minister is significantly increasing the capital advance leasing facility, CALF, so there will be some compensation there in terms of overall social housing output but even when we take into account the CALF increase, from a spend last year of €440 million to a total allocation of €710 million this year, the actual overall increase in funding for social housing delivery is only €83 million, between what was spent last year and what is now allocated. However, the Minister needs to significantly increase overall output to get to his target of 10,000 this year How is that going to be possible? Is it that there are going to be dramatically fewer acquisitions, so more money will be spent on new builds, or is there still €200 million to €300 million of a gap between what is allocated and the actual costs of meeting the target?