Mr. Brian O'Gorman:

The funding for social housing is the 80%, plus the availability. If one develops private housing, one is doing so privately and will not get any funding for it. That makes sense, because it is a different model. We are not-for-profit social businesses, so this amounts to a jump into a different sector, with different risks and so on. However, the Deputy has raised an interesting point in terms of the ability to lever off the private rental market. Certainly, in other jurisdictions across Europe, including the United Kingdom, it is quite a regular model. However, as was pointed out earlier, we have a very residualised social rented rector in his country, whereas it is much more mixed across Europe.

Mr. Brook made the point that resources are scarce and we need to target them at the people in greatest need. The result is that we do get concentrations or the potential for concentrations of low-income households. That is why the continuation of Part V is so important. During the Part V years we participated in developments in places like Dún Laoghaire, for instance, where we had never before been able to get in a social housing component.