Hon Dr MEGAN WOODS: This exemption has been well received by the sector, including the Property Council of New Zealand who said, "Today's announcement is one of the best levers to unlocking the potential of Build to Rent … We support the Government's desire to enable Build to Rent in order to provide warm, dry rental homes that offer Kiwis long-term security of tenure." The Property Council has also said their research indicates that members are poised to deliver around 25,000 Build to Rent homes in the next decade. I also saw positive responses from developers, including Mark Todd of Ockham Residential who said, "I'm pleased the interest deductibility is dependent on build to rent operators offering their residents a minimum 10-year tenancy. That is fair, that is right: that is a step towards giving these residents the security they need to make the home they pay for truly theirs, not a tenuous arrangement dependent on the grace and favour of landlords,".