Clare Daly (Dublin North, Socialist Party) | Oireachtas source

HomeBond was not just a private company, rather, it was a figleaf created by the CIF to pose as a structural guarantee when in reality it was not. In fairness, we have debated the issue many times here. The Law Society and others warned it was underfunded as early as 20 years ago. It is a fact that it has resources in its coffers. The Minister will propose legislation which will be passed. It will put levies on quarries and people who pay ordinary insurance fees will foot the bill. Yet, he cannot introduce legislation to make HomeBond pay its share. I do not accept that.

Another huge issue for homeowners is who does the work. The idea that some of those who were responsible for this problem would be asked to fix it is something that homeowners do not want. The idea of an efficient panel which would be accessible to people, possibly in a similar manner to how local authorities have a pool, companies tender for a job, are on a panel and the same team of local builders can be wheeled out, is desirable.

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