Ms Dara Deering:

I will take the drawdown point. The Deputy is right that there is obviously a gap between the €395 million that was there to the end of 2020 and the drawdowns at that point. That is the same irrespective of any housing scheme we fund because it will take a period of time. First, from the time we approve the fund, it takes about three to six months on average before funding is drawn down. The whole nature of development finance is we only lend the money as the activity is happening. It will take a further 21 months on average before the full amount of money we propose for a scheme is drawn down.