The ROI government unveiled an updated mica redress scheme, as the defective blocks scandal throws a spotlight on insurance policies failing to cover costs and on the systemic lack of regulation of the Irish construction industry.
The new Defective Concrete Block Scheme is excepted to pay for the rebuilding or remediation of 6,000 to 7,000 properties which have suffered from structural damage due to blocks containing mica or pyrite, the Department of Housing, Local Government and Heritage announced today (30th November 2021).
The current maximum grant of 90 per cent has been upgraded to 100 per cent, but with price caps and set construction rebuilding costs.
