What about help for people in pyritic homes in Budget 2017? – O’Reilly
Sinn Féin TD for Dublin Fingal Louise O’Reilly today raised the issue of pyritic damage to homes in Dublin Fingal with the Minister for Finance during the passage of the Finance Bill. Drawing on the parallels between the help to buy scheme for first time buyers, she called on the Government to extend the eligibility under the pyrite remediation scheme to include Building Condition Assessments with a Damage Condition Rating of 1 so that families left in limbo in Dublin Fingal can get access to recourse.
Deputy O’Reilly said:
“This legislation gives effect to the builder’s bonanza that
is the help to buy scheme-
With all the evidence pointing to the scheme increasing house prices, increasing debt on young families and increasing profits for builders.
“In this giveaway, has any thought been given to the type of homes that this scheme will bankroll? I ask because in the area I represent, as you are aware, there has been an historic issue with pyrite.
“Families, young couples, first time buyers paid large sums of money, only now to have their home rendered effectively worthless. Burdened with negative equity, a house with no resale potential and often little chance of remediation, these people found absolutely no hope in this Budget.
“It is a condition of eligibility under the pyrite remediation scheme that an application to the Pyrite Resolution Board must be accompanied by a Building Condition Assessment with a Damage Condition Rating of 2. This means that many households are locked out of the scheme; stuck in limbo.
“We must remember Minister, these were the group of people who one time were encouraged to get on the property ladder and to get that starter home. But now, they are left with these houses, riddled with pyrite and often no recourse to remediation.
“With all the talk of your help to buy scheme, what about help to stay for people like this? For people who have damage condition ratings of 1, negative equity, a starter home that has now become their forever home with perhaps a family that doesn’t fit into it, what about help for them?
“Minister, I am calling for the Minister for Housing, Planning, Community and Local Government to extend the eligibility under the pyrite remediation scheme so that Building Condition Assessments with a Damage Condition Rating of 1 can be included.
“I have a motion on the order paper that I hope other TDs can and will support, particularly those TDs in my own constituency who know the stories and issues first hand. Your Government want to show you attach importance to pyrite remediation, then this is a way to do that. I am asking you now Minister to work with your cabinet colleagues on this.”