MORE confusion today about #micaredress caps... An explainer:

Govt have proposed 2 caps

1️⃣ A 420K absolute cap
2️⃣ A sq/ft based cap (this has a sliding scale I'll explain later)

Nearly all homes will need to work on the sq/ft cap, which will result in WAY less than 420k

1/ The sq/ft cap is supposedly based on independent SCSI expert figures.

In March 21, SCSI said average cost to REBUILD a house in NW was 138 per sw/ft

So a 2000 sw/ft house would have a grant of 2000 * 138 = 276k in this simple example.

2/

The Mica scandal is so big and so difficult to fully understand, particularly for people only now becoming aware of the issue. There is therefore still some confusion about why we NEED government support. A thread 1/ First misconception- builders should cover the cost. Reality is, this is NOT the fault of the builders. They built the houses assuming that the blocks met that standards set out in S.I. No. 288/1949 because the manufacturers certified the blocks saying they met standards 2/