Oireachtas Joint and Select Committees
Thursday, 26 November 2020
Public Accounts Committee
2019 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 34 - Housing, Planning and Local Government (Resumed)
Chapter 11 - Social Housing
Chapter 12 - Land Aggregation Scheme.
Chapter 13 - Pyrite Remediation Scheme.
11:30 am
Brian Stanley (Laois-Offaly, Sinn Fein)
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In regard to HomeBond, the overall cost is estimated at €210 million for the pyrite remediation scheme.
HomeBond will finish up paying only a small percentage of that. The only amount received to date is €52,000. The overall cost or hit to the State is €210 million - that was the insurance cost. A "yes" or "no" answer will do to this. My recollection is that the type of insurance offered through the HomeBond scheme relating to pyrite was absolutely useless. It was of no benefit.