Dáil Éireann Debate, Thursday - 19 December 2013
216. Deputy Billy Timmins asked the Minister for the Environment, Community and Local Government if the issue of insurance cover under the HomeBond scheme was examined in the case of the Priory Hall housing development; and if he will make a statement on the matter. [54944/13]
View answerHomeBond is a private limited company which provided a structural guarantee scheme to purchasers of new homes. Since November 2008 the scheme is underwritten by Allianz Insurance. My Department is aware that the builder/developer of Priory Hall was a member of HomeBond and that the apartment units at Priory Hall were registered for cover under the structural guarantee scheme.
The question of whether a claim may be made under the HomeBond scheme is a matter for Dublin City Council and its legal advisers in respect of the apartment units currently in its ownership or which it is planned will come into its ownership in accordance with the recently agreed Priory Hall Resolution Framework. The same position applies for other owners in relation to their interests. I have no function in relation to this aspect of the matter.
