Cian O'Callaghan (Dublin Bay North, Social Democrats) | Oireachtas source

The State has provided €500 million to Activate Capital, among the investments of which is housing at Blackhall Place that was built by a private developer and is being leased to Dublin City Council for approximately €2,000 per month per home. Why is the State providing funding to developers to build homes that will be leased to the State at such rents? Effectively, the State is providing the original finance and double guaranteeing the scheme by paying the mortgages without owning the homes at the end.

See this speech in context