Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

As the Deputy will be aware, the Government is undertaking an overall review of the fund sector, including a review of many of the issues he raised today. I expect that work to be completed by the summer. I will have a report and that will feed into the budget process for 2025 and the finance Bill that will be brought forward later this year.

However, I will make an overall point that I touched on in my initial response. We are going to need an awful lot of capital in the coming years to build the homes we need. I put on record earlier that we estimate that we need approximately €11 billion of private capital to complement what the Government is putting in directly in various forms. As the Deputy will be aware, we are reviewing the national planning framework. We will almost certainly increase the housing targets and the amount of capital we will need to build the required homes will increase significantly further. We have to bear that in mind in all these debates and discussions and the policy decisions we make.

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