Mr. Michael Stanley:

We just started development on the old CMP Dairies site in Cork city. We are proud to have started that and it is going to deliver largely affordable homes. There will be over 600 apartments, which are going to be for 100% social and affordable delivery. I know Mr. Garvey has equally affordable delivery projects in Cork. Cork, Galway and other major cities absolutely have to catch up in terms of development and we will certainly make every effort.

To answer the earlier question about the level of cost rental, I think it is fair to say it is improving massively. If we look at cost-rental delivery, total affordable delivery, between the AHBs and the LDA in the last number of years, is getting up tp around 9,000 to 10,000 purely affordable units since 2022. The rate of output of affordable units is increasing from 1,000 units in 2020 to what could be 5,000 units today, and I am talking about purely affordable units. There is a HFA meeting tomorrow morning designed to approve substantial numbers of affordable projects on behalf of the alliance and other entities. The good news is the pipeline is increasing massively for affordable apartments. We could debate whether it is taking too long, but the good news is there is a much bigger pipeline of units, particularly CREL units, coming through the system, which we welcome.