Minister for Housing Darragh O'Brien opened an interim fund last December that is designed to pay for fire-safety measures to help owners of defective apartments. No payments from it have been made yet. Photograph: Niall Carson/PA Wire
Apartments and duplexes built between 1991 and 2013 with eligible defects qualify for the interim scheme. A spokesman for the department said the scheme is broken into eight phases but, to date, no OMCs have passed phase three. “No applicant OMC has completed phase three yet and progressed to signing a grant agreement. There are no delays in funding being issued.”
This equates to between 62,500 and 100,000 apartments or duplexes. The average cost of remediation is approximately €25,000 per unit, which means the full statutory scheme could have a potential cost to the exchequer of between €1.5 billion and €2.5 billion.
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