Michael Creed (Cork North West, Fine Gael)
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Question 149: To ask the Minister for the Environment, Community and Local Government if he will clarify the relationship between him and HomeBond; if he is satisfied that HomeBond is adequately addressing the issue of structural deficiencies in the housing stock; and if he will make a statement on the matter. [4431/12]

Phil Hogan (Carlow-Kilkenny, Fine Gael)
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HomeBond is a private limited company providing a structural guarantee scheme to purchasers of new homes and, since November 2008, the HomeBond Insurance Scheme is underwritten by Allianz Insurance. As a private company my Department has no role or function in its operations. I was disappointed when HomeBond announced its withdrawal of cover to homeowners whose homes are affected by pyrite and I made HomeBond aware of my views at my meeting with company representatives last autumn.