A 100% mica redress scheme has been approved by Government.
It's capped at €420,000, and will cover rental costs during repairs.
It has been confirmed by Housing Minister Darragh O'Brien this afternoon after it was approved by Cabinet.
It will cover 7,500 homes at a total cost of around €2.2 billion.
Mica redress scheme announced:
- 100%, up from 90% - to a cap of €420,000 (previous cap €247,500)
- First 1,000 square feet at €145/sq foot - lower after that.— Ben Finnegan (@_BenFinnegan) November 30, 2021
The first 1,000 square feet will be covered to a cost of €145 per square foot, and then around €110 per square foot after that.
Campaigners for families affected by the crumbling blocks say the coverage needs to be €150 per square foot due to rising construction costs.
"It's 100% redress. The current 90% maximum will be increased to 100% for all remediation options 1-5," said Housing Minister Darragh O'Brien.
"The maximum grant cap for option 1 which is the demolition and rebuild option will be increased to €420,000, from €247,500.
"This removes any prohibitive up-front costs for entry to the scheme."
