Hear, hear. Well said.

That is a joke.

Three would be too many.

Not true.

Hear, hear.

Hear, hear.

Sinn Féin is not opposing the amendment. However, I must say that a number of the justifications used by the Minister of State in describing the amendment are not factually correct. I would like to give him the opportunity to clarify some of the aspects behind this very specific amendment given that it is a very significant amount of money. The LDA does not have access to over €6 billion. It was given an initial capitalisation of €1.25 billion and a further capitalisation of €1.25 billion and now this third capital…

I appreciate the Minister of State is reading the briefing notes in front of him but I want to repeat the point. The Land Development Agency does not have €6.25 billion.

It does not have €6.25 billion. It currently has €3.75 billion between funds that have been spent, allocated and what is proposed today. To say it has access to the remainder of the funds is the most liberal use of the word “access” I have heard in some time. It is important we understand why. In theory, the LDA can go and borrow on the markets, but the LDA is telling us interest rates are so prohibitively high, it does not want to do that. In fact, I understand there is a very sharp disagreement between the LDA an…

I move: That Dáil Éireann: agrees that the Government's Affordable Purchase Scheme is not working, while house prices continue to spiral out of control with a 10.1 per cent increase in the last 12 months according to the Central Statistics Office; notes that: - no affordable purchase homes were delivered in 2020 or 2021; and - only 323 affordable purchase homes were delivered in 2022, and just 499 in 2023, and 31 affordable purchase homes were delivered by Q1 2024; further notes that: - the full cost of a so-called…

A number of weeks ago, the Minister for housing stood in front of the Shanganagh Castle development in Dún Laoghaire-Rathdown and announced to the world that homes would be available for working people to purchase for €374,000. What the Minister forgot to tell people is that if they bought a house at that price, they would only own 70% of the home and the State would legally own 30% of the equity. In fact, if they wanted to buy the home outright and own it 100%, they would have to pay a minimum of an additional €14…

Yes, they will.

I am confirming it for you again.

Yes, absolutely.

If you stay to the end, I will be happy to-----

That is not true. That is absolutely not correct.

We have no proposal to abolish tenant purchase. The Minister is misleading the House.

The Minister is misleading the House again.

That is because I do not do it, Minister, unlike you.

It will deliver affordable homes at prices people can actually afford. What is dangerous about that?