Mary Seery Kearney (Fine Gael) | Oireachtas source

I thank the Minister of State. I know all three Ministers are working hard. I do not doubt that but I hear words such as "they are developing a plan", "will look at an options paper for Government" and "will have an advisory group on regulations". I hear the language of long-time delay. That is a delay with real-life consequences for the people who are living in these homes.

I also heard the Minister of State say that delaying on works is not appropriate. The problem is there is not any money to fund the works. In fact, many of the owner management companies are trading insolvent. They are probably trading contrary to company law because they do not have the money. They do not have sinking funds.

There needs to be compensation retrospectively. I know one management company that is deeply in debt and not all of the people living there are paying, have paid or have the wherewithal. The owner management companies cannot get the finance to fund these works and the people living in the apartments do not always have the wherewithal to pay for the works upfront. The doing of the works is not down to anybody not wanting to progress and make sure they are safe. They physically cannot do it because they cannot get the finance. Delay cannot continue.