Paul McAuliffe (Dublin North West, Fianna Fail)
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I have one final question. That poses a challenge for the industry, too. As for the traditional model of acquiring development land, gaining capital, building a project and then selling it on, we are effectively saying that will not happen any more in the city core areas. That is a big challenge, because you will either need to have long-term build-to-rent or very significant State subsidy involvement in it. That is a challenge for the industry, because one of the key problems we have for all the tendering processes for these public programmes is that there is a very small number of people who are tendering for these projects. This is because the capacity to be able to deliver them in the industry is very small. It is a huge challenge, because we are effectively saying to people in the cities they may never be able to own a home without significant State subsidies. There will be a big societal conversation around taxes and how they are used and so on.