Canberra residents affected by the Mr Fluffy asbestos crisis have welcomed a Federal Government deal to resolve the situation.
The ACT Government has agreed to accept a concessional loan of $1 billion from the Commonwealth to help pay for the demolition of more than 1,000 properties affected by potentially deadly loose-fill asbestos.
An estimated 1,049 homeowners across Canberra have been waiting for news of a possible compensation package after a warning was issued in February that their homes could still contain fibres.
The ACT's compensation scheme is expected to roll out from January 2015.
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