Mr. Paul Benson:

I will make some general comments on approvals and funding. We have built a very significant pipeline with local authorities and AHBs. That pipeline is expensive. There have been significant construction costs due to inflation. We are working within NDP envelopes and that NDP, as the Deputy knows, is up for review in 2026. At this point, we have to be cautious about what we approve for future years. I expect, with the conclusion of the NDP in July 2025, we will be in a strong position financially to deal with everything we have on our desks. At the moment we are still approving projects.

I know there has been a narrative to the contrary. We are approving social and affordable housing projects across cost rental, direct local authority builds and AHB builds. There are projects with us that we are still considering for funding approval. They are more complex and bigger. Many of them are in the big urban areas. They are apartment blocks, which take more time-----