Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

This is being urgently looked at. The Deputy asked me what the off-balance sheet models are. He will be aware of two of them: the approved housing bodies and the so-called NARPS models, which are a special purpose vehicle of NAMA. Those are the two main models being used to provide off-balance sheet funding. As I said to the Deputy a moment ago, I do not believe that there are any new models on top of the ones I have just identified that are capable of providing large quantities of homes off-balance sheet. There will be only two ways to respond to this urgently in the short term: making use of the existing two models I referred to, which will be done off-balance sheet, or the Exchequer making a larger contribution across next year and the year after that to directly building social homes.

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