Two Insurers Promise $10.5 Million to Affected Insureds
The Hartford and Liberty Mutual agree to assist the crumbling foundations captive insurance program — a significant private-sector commitment to the relief effort.
The Hartford and Liberty Mutual agree to assist the crumbling foundations captive insurance program — a significant private-sector commitment to the relief effort.
MSN — 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
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
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
WSHU — a funding gap threatens to pause the repair program. A reminder of how dependent this relief effort is on consistent state appropriations. Crumbling Foundation Repairs To Halt Until State Pays Up
Journal Inquirer — CFSIC leadership update and program progress report as repairs continue across the affected region. https://www.journalinquirer.com/connecticut_and_region/concrete-chief-to-stayon/article_a20917de-e399-11e9-9607-f522b2cae62.html
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