Recent reports indicate that not only will homes on the Glass Bottle site in Ringsend be unaffordable, but there will be very little social and affordable housing in the first phase. The Irish Glass Bottle Housing Action Group and residents are disappointed and shocked that the 900 social and affordable homes for which they fought may not come to pass. Will the Minister transfer the 20% equity held in the strategic development zone, SDZ, by the National Asset Management Agency, NAMA, to Dublin City Council in order to deliver genuinely affordable homes for the Ringsend and Sandymount communities? Will he give a commitment that the 900 social and affordable homes that were agreed will be delivered on site?

The first point I should make is that, under the NAMA Act, NAMA has to make its decisions independently and on a commercial basis. It has to get the best commercial return. NAMA has played an important role in facilitating housing delivery and supply across Ireland, so I will make inquiries on this specific issue, but it does not fall to me to give NAMA a direction regarding a particular site where its commercial assessment would lead it to a different conclusion. We want to see social, affordable and cost-rental homes developed in such a strategic location, though, so I will follow up on the issue the Deputy has raised.