It could take upwards of 10 years to fix all Mica-affected homes in the country, The Times reports.
A new scheme is expected to be brought before the Cabinet in the next week, detailing new levels of redress for property owners.
Darragh O’Brien is planning to bring in the Housing Agency to take over the compensation scheme for up to 7,000 mica-damaged homes.
Government assessments have determined that remediation works could take at least 10 years to complete, according to The Times sources.
The paper reports that the Housing Agency will focus its work on the most dangerously-affected homes first, and rank them on a priority list.
It is also being speculated that the new scheme will be capped in some form and will be restricted to family homes, despite the large number of Mica-affected houses in the rental and commercial sector.