Crumbling Foundation Repairs To Halt Until State Pays Up

CT Mirror — state legislature passes a relief plan for affected homeowners, a significant early step toward a state-funded response.

U.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

NBC Connecticut — the concrete crisis remains a focus of lawmakers. A critical reminder: in a competitive market, waiving inspections on a property in an affected area carries real risk. https://www.nbcconnecticut.com/investigations/crumbling-foundations/concrete-crisisremains-focus-of-lawmakers/2983089

CFSIC updates program guidelines — homeowners following the application process should review current rules as the fund refines its procedures. Journal Inquirer — municipal fiscal impact of defective concrete on property tax base. Affected towns are watching their grand lists shrink as assessed values fall. https://www.journalinquirer.com/connecticut_and_region/concrete-hurts-grandlists/article_d86c6f0c-231d-11e9-a8a5-771dc8f0caca.html

Updated guidance from the Internal Revenue Service (IRS) that extends the period of time that homeowners have to claim crumbling foundation related repairs on their federal taxes.  COURTNEY, LARSON, NEAL ANNOUNCE EXTENSION OF FEDERAL TAX RELIEF FOR CRUMBLING FOUNDATION REPAIRS | Congressman Joe Courtney

One of a property owner’s biggest fears could be their home falling to the ground, but three local towns have teamed up to assist their residents Vernon, Ellington and Stafford receive $480K grant to test crumbling foundations | fox61.com