MICA homeowners are to be offered an enhanced redress scheme with details of the scheme set to be revealed on November 9th.
Details of the plan which will come before Cabinet have yet to be finalised.
The Irish Times reports that a meeting was held on today between Government TDs from affected counties including Donegal and representatives of the homeowners.
The representatives were told that Minister for Housing Darragh O’Brien was still working on the proposal, but it is hoped that an enhanced defective blocks scheme will go to Ministers for approval on November 9th.
Government sources believe plans for industry levies to part fund rebuilding affected homes will proceed, but details of it have not been agreed either. In terms of redress, one source said it is likely that a cap on the costs of remediation or rebuilding would remain in place, but it would likely be in the region of €350,000 rather than the €500,000 figure previously mooted.
The existing Defective Concrete Blocks Scheme covers €50,000 worth of repairs in cases where a house can be saved, and up to a maximum of €275,000 in cases where houses have to be demolished and rebuilt.
The largest grant payable is 90% of the maximum cost allowed under the scheme, or 90 per cent of the actual cost of the qualifying works carried out, whichever is less.