John Curran (Dublin Mid West, Fianna Fail)
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I thank Deputy Cowen. He raised many points and I suppose some of them represent an overview of the situation. The Deputy raised one issue in particular, namely, that relating to finance. Perhaps the Minister might give a little thought to his views on it. The committee has certainly spent some time discussing it with representatives from the Department of Finance and the NTMA and has examined the National Asset Residential Property Services Limited, NARPS, model.

I suppose the question from the Minister's point of view is whether there is an opportunity to have a similar model to provide funding for either approved housing bodies or local authorities, but very much on the NAMA-NARPS model. Could the Minister please explore the point a little further?