Michael D'Arcy (Wexford, Fine Gael) | Oireachtas source

I do not want to be as prescriptive as that. When it is established, HBFI will set its own criteria. I anticipate that it will not be making the 60% available in the Senator's scenario but I would anticipate builders going to HBFI for some of the 40%. There is an expectation of some equity being involved, and this is the case in other construction sectors. I do not refer to pretend equity, as was prevalent during the boom in the form of personal guarantees. That was not equity. We want equity from developers and we want funding from institutions but if there is a gap between the equity and the borrowed amount, this will help to fill it.