State pushes back decision on new mica redress scheme

Sources say memo on defective block redress unlikely to be brought to cabinet until second week of November as complexities of new scheme are worked out within government

20th October, 2021
State pushes back decision on new mica redress scheme
Darragh O’Brien, the Housing Minister, had previously said a decision on the new redress scheme would be made in October. Picture: Sam Boal/Rollingnews.ie

The state has pushed back a decision on the introduction of a revised redress scheme for homeowners affected by mica and pyrite by two weeks.

Homeowners were told that a memo on the scheme, which the government has said would deliver a “much improved” compensation package for homeowners, would be brought to cabinet before the end of October.

It’s understood, however, that the memo is now likely to be delivered in the second...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Related Stories

First-time buyers needed average deposit of €52,000 in first half of 2021

Dublin City Council’s five-year social housing goal falls 600 short of Department’s target

Donohoe was told to say that trend of landlords sitting on empty units would ‘correct itself’

MEP calls for EU state aid rules to adapt to housing crisis