Oireachtas Joint and Select Committees

Thursday, 19 January 2023

Public Accounts Committee

Financial Statements 2020: Housing Agency
Financial Statements 2021: Approved Housing Bodies Regulatory Authority
Chapter 7: Housing Agency Revolving Acquisition Fund
Section 2 Report – Unauthorised Release of Funds from the Central Fund of the Exchequer

9:30 am

Mr. Bob Jordan:

We roll out the pyrite remediation scheme on behalf of the Pyrite Resolution Board, PRB. We have been doing this since February 2014. We do the full solution in terms of carrying out the remediation of properties accepted into the scheme. We co-ordinate the testing of dwellings and recommend the inclusion of dwellings within the scheme. We then enter into agreements with each scheme participant and get contractors to do the work.

In terms of figures, we have just surpassed the 2,500 remediations mark. Over the past couple of years, the cost of remediation has increased, mainly due to construction inflation, from about €65,000 on average per unit to about €90,000 today. We would regard the pyrite remediation scheme as being in its mature phase in the sense that the number of applications is going down and the number of remediations that we have to do is also falling. I can give the Deputy some figures on the scheme. In 2020 and 2021, 201 properties were remediated. Last year the figure was 235 and we have a target of 260 dwellings to remediate this year.

The other point to make is that we are very conscious of the impact of pyrite on homeowners. Indeed, that is a theme this week in the context of defects. The PRB conducts an annual survey of people who have had their properties remediated and the overall satisfaction rate for the scheme and the Housing Agency's involvement in it is over 85%. The current figure is actually 87%.

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