Ms Margaret Geraghty:

Yes, but what we would be concerned about regarding the tender processes for affordable housing is that we get a level of interest from developers who would be interested in operating in that market. It will be important to see that. To have a real competition, we want to have six or seven companies that are interested and that are tendering for affordable housing. Anecdotally, that is under pressure at the moment. Points have been well made here regarding the pressures on construction but one of the other key issues that we have to take account of is funding, that is, how developers will fund projects and the rates at which they can get funding, through partnerships with Home Building Finance Ireland, HBFI, or otherwise. We need to determine what we can do to ensure that developers and contractors have access to competitive funding and borrowing facilities that can enable them to give the best price for the affordable product at the end of the day. That is an important consideration.