The Housing minister intends to propose a 100% redress scheme for any defective homes.
By The Headlines, December 27, 2022 | 09:36 PM
The Minister for Housing announced that he will be proposing a 100% compensation scheme for homeowners with badly constructed homes. They were made during the Celtic Tiger era
On Tuesday, The Irish Times reported that Darragh O'Brien said he would propose a full redress scheme to Cabinet. But he noted that any proposed plan would have to be approved by government ministers first.
The estimate is that 100,000 homes in the state built between 1991 and 2013 are defective. This is because materials weren't used for the fireproofing or other aspects of construction.
Now, it is estimated that €2.5 billion were needed to make these homes safe again.
"I want us to help people to fix their apartments and homes and make them safe. This is a Government that is committed to helping people all over the country," Deputy O'Brien told The Irish Times in a pre-Christmas interview
It takes a lot of money to fix all the homes in need of renovation, but this figure is just an estimate. The average cost per apartment is about €25,000, but some are more expensive and others can be less expensive. The total cost for this project might be anywhere from about €1.56 billion - €2.5 billion
Homeowners in Dublin 12 were informed in August that they would have to pay €68,000 to fix the issues with their complex.
The original construction process led to these defects. “Essentially, when we moved in there in 2005, we moved into a defective building, unbeknown to ourselves,” Odette said.
Living in a defective building has had a huge impact on those who live there. Sam said, "you're living under a threat." Sam continued to say, "Do you have a home? Do you not have a home?"