This morning, we learned that another development close to my constituency has been bought by a cuckoo fund. If this continues, as it has been continuing, it will mean that first-time buyers from my constituency and other areas will not be able to buy a home. Will the Minister for Housing, Planning and Local Government confirm to the Dáil his support for Deputy Darragh O'Brien's legislation in respect of cuckoo funds? When does the Government propose to provide time to allow that legislation be passed as urgently as possible to ensure that young first-time buyers have a chance in the housing market?

The question is on promised legislation, albeit not by the Government.

I thank the Deputy for raising this issue. I cannot support that Bill because it is bad legislation. First, it removes the social housing obligation from private developers-----

It does not.

Deputies, please.

-----which is a disgrace, and in doing so it further incentivises build-to-rent housing, which is the opposite of what the Deputy intends the Bill to do. We cannot support that Bill. It will do nothing for affordability.