Pearse Doherty (Donegal, Sinn Fein)

This is about cost rental. It will apply to cost-rental accommodation designated from budget day, 8 October, onwards. When people hear about this, they think it is a good policy that will result in cheaper rents but is it not the case that this is not going to result in any cheaper rents? Should this not be available to the thousand or so cost-rental units that are already in existence, allowing for people's rents to be recalculated? Nearly all of those units are in Dublin. I just do not understand why that is the case. Will the Minister confirm that this will not allow for cheaper rents as such? What is the reason it will not be applicable to existing stock, allowing the LDA to recalculate rents based on this tax break?