Mica redress bill up for Cabinet approval today

The Minister for Housing will seek Cabinet approval today to publish legislation on a €2.7bn mica redress scheme.

Last week, ministers gave operational effect to the scheme.

Under the plan, there is a potential 100% grant subject to a €420,000 cap, as well as a second cap of €145-161 per square foot.

It is estimated that mica affects more than 7,000 homes.

If Housing Minister Darragh O'Brien secures Cabinet approval, the legislation will be published later this week.