Mr. Eamonn Crowley:

Co-operation with the Ó Cualann Cohousing Alliance is around providing it with funding to expand its operations and management team and build more houses.

It has an ambition to build 1,800 houses over the next three years. We are not providing them with finance for development or support in that area, it is more so at a real level byway of the provision of direct assistance and money. Within the affordable housing scheme, there are customers who buy houses and take out mortgages as part of the schemes that are developed. We are interested in assisting and interacting with customers who are looking for a mortgage to buy an affordable house that is built by Ó Cualann and other providers. That is a win-win situation for all parties involved - PTSB, the customer, and Ó Cualann, which is building communities and has the ambition to build more around the country. We are very much aligned with what Ó Cualann is trying to do and we are trying to help it expand to have the operational capability to build more houses. We want to expand this co-operation even further.