CHRIS BISHOP (National): Thank you very much, Mr Chair. I want to ask the Minister about the Affordable Housing Fund, which was appropriated in Budget 2022—$350 million in total. I note, for the committee, that the Treasury didn't invite the bid for the appropriation on the basis that existing baseline funding could be used to undertake a pilot programme with a focus on market affordable places. This is from the advice to the Minister of Finance: "It is unclear what value supporting community affordable rentals would have over supporting additional public housing places. A smaller quantum of funding would also encourage the Ministry of Housing and Urban Development to support the development of the sector through better value for money measures." So I suppose my question for the committee is: what prompted the Government to appropriate the $350 million? Because it is yet another tranche of funding in the housing space, and one could argue—as indeed the Treasury does—that a more effective use of the money would be supporting public housing places, either provided through Kāinga Ora or indeed the community housing sector. So my question for the Minister is about why they went for that option and such a large quantum of money, scaling up over four years.