Manchester Grand List: Crumbling Foundations Decrease Home Values
Hartford Courant — Manchester’s grand list shows the ongoing valuation impact of defective foundations on the municipal tax base. A pattern repeated across affected towns.
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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
CT House Passes Relief Plan
ByRenéeCT Mirror — state legislature passes a relief plan for affected homeowners, a significant early step toward a state-funded response.
Connecticut’s First Condo Buildings Lifted for Foundation Replacement
ByRenéeWTNH — a milestone: the first condominium buildings in Connecticut are lifted for pyrrhotite removal in Willington, opening the door for condo owners who had long been excluded from relief. https://www.wtnh.com/news/connecticut/tolland/connecticuts-first-condo-lifted-forpyrrhotite-removal-in-willington
Bills to Prevent Deficiency Judgments on Affected Homes
ByRenéeJournal Inquirer — legislative effort to protect homeowners from deficiency judgments when selling or foreclosing on a pyrrhotite-affected property. https://www.journalinquirer.com/newsletters/bills-would-prevent-deficiency-judgmentson-crumbling-concrete-homes/article_b7a08704-2bba-11e9-81d9-4b74d1ece0e7.html
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
Concrete Hurts Grand Lists” — Towns Lose Revenue
ByRenéeCFSIC 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