Bills to Prevent Deficiency Judgments on Affected Homes
Journal Inquirer — legislative effort to protect homeowners from deficiency judgments when selling or foreclosing on a pyrrhotite-affected property.
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GAO Report: Extent of Defective Concrete Not Fully Known, Federal Options Limited
ByRenéeU.S. Government Accountability Office (GAO-20-649) — significant federal documentation of the crisis. The full extent of affected homes remains unknown; federal tools to help are limited. https://www.gao.gov/assets/gao-20-649.pdf
Two Insurers Promise $10.5 Million to Affected Insureds
ByRenéeThe Hartford and Liberty Mutual agree to assist the crumbling foundations captive insurance program — a significant private-sector commitment to the relief effort. https://www.captiveinternational.com/news/the-hartford-and-liberty-mutual-to-assistcrumbling-foundations-captive-2648
Ten Towns with Most Claims; State Funding Boost
ByRenéeMSN — a $24.1 million state funding boost accompanies release of the list of ten most-affected towns. Useful data for understanding where the crisis is concentrated. https://www.msn.com/en-us/money/markets/ct-crumbling-foundation-relief-efforts-get2410-million-boost/ar-AAKI6Qw
Funding Failures Prompt Early Exit of Foundation Program Leader
ByRenéehe outgoing superintendent of the Connecticut Foundation Solutions Indemnity Company gave an exclusive interview to NBC Connecticut Investigates Funding Failures Prompt Early Exit of Foundation Program Leader – NBC Connecticut
Tolland Receives $1 Million State Bond for Firehouse Repairs
ByRenéeCT Insider / Journal Inquirer — hard-hit Tolland receives state funding for municipal building repairs, a reminder that the crisis affects public infrastructure, not only private homes. https://www.ctinsider.com/journalinquirer/article/tolland-state-bond-million-firehouserepairs-18192443.php
IRS Tax Relief for Affected Homeowners
ByRenéeCT Public Radio: Many will now be able to deduct the cost of repairs from their federal taxes over the next two decades. Tax Relief Extended For Conn. Homeowners With Crumbling Foundations | Connecticut Public