More concrete aid may be on the way

As another milestone is reached in Connecticut’s crumbling foundation crisis, the federal government soon could provide more relief for affected homeowners in Connecticut and Massachusetts, while those just over the border continue to learn from the crisis here.

U.S. Rep. Joseph D. Courtney, D-2nd District, joined local leaders and advocates over the weekend to see the first condominium complex covered by the Crumbling Foundations Solutions Indemnity Co. lifted into the air to remove and replace its crumbling foundation.

Units at Willington Ridge Condominiums are the first of what is expected to be several complexes helped through CFSIC, the captive insurance company fixing foundations.

Along with state bonding and a surcharge on certain homeowner insurance policies, both of which are supporting CFSIC, the federal government has ensured tax relief for those fixing their foundations, and more relief could be on the way.

Read more: https://www.journalinquirer.com/connecticut_and_region/more-concrete-aid-may-be-on-the-way/article_e835590c-915d-11eb-9850-f73be0327fe8.html
(Manchester Journal Inquirer)