The Government has agreed a 100% redress scheme for homes impacted by pyrite and mica damage.
Hundreds of homes across Mayo are severely damaged by the defective building blocks, with many facing total demolition and rebuild.
The Cabinet has today agreed a new €2.2 billion euro redress scheme, and grants will be capped at €420,000.
Homeowners will receive €145 per square foot on the first 1,000 square feet of a property, while the rate per square foot after that drops to €110.
The Housing Minister says some 7,500 homes in the West / northwest region will qualify for the scheme - many of these in counties Mayo and Donegal, while 900 rental properties registered with the RTB will also qualify.
An earlier scheme would have meant homeowners having to provide 10% of remediation costs.
Following a campaign by those impacted by pyrite and mica, a working group was set up to hear from to hear from all the stakeholders involved.
Their work led to the formulation of the new proposals which were debated today by Cabinet Ministers, who signed off on the 100% redress.
In addition, homeowners who have to seek alternative accommodation while their home is being repaired or rebuilt will receive up to €20,000 for rent and storage costs, and mental health supports will also be provided.
Minister O'Brien says it's important that family homes are prioritised, and says the scheme will operate on a "worst first" basis.
The Housing Minister has been speaking this evening with Midwest News and said it's a significant day for the homeowners involved....