Homeowners face bills of up to €56K despite €2.2bn mica redress scheme

Minister for Housing Darragh O’Brien said it is important that family homes are prioritised and fixed first under the scheme. Photo: Sasko Lazarov / RollingNews.ie

Some Mica homeowners will have to pay between €45,000 and €56,000 to rebuild their homes because of the caps imposed by the Government on its new €2.2 billion redress scheme, the Dáil has heard.

Earlier today, the Cabinet agreed that the mica redress scheme and grants will be capped at €420,000. Homeowners will be able to receive €145 per square foot on the first 1,000 feet of a property.