Millions more needed as thousands still have homes with deteriorating foundations

With an additional $100 million needed to entirely fix the state’s crumbling foundations, lawmakers are once again pushing for assistance for the thousands of homeowners still affected. One of the most significant proposed bills calls for more borrowing for the Crumbling Foundation Solution Indemnity Co., or CFSIC, the captive insurance company that has been fixing foundations, primarily in the northeastern section of the state. While it is still early in the legislative session and there is not yet a dollar amount attached to the bonding bill, its sponsor, Sen. Jeff Gordon, D-Woodstock, said the final proposal could range anywhere between $50 million and $100 million. That would be in addition to the $100 million in debt that has already been approved by the legislature, $25 million of which has been allocated, as well as nearly $12 million a year from an annual insurance surcharge deposited in the Healthy Homes Fund. While testing is now mandatory at quarries for pyrrhotite, the mineral known to cause concrete to deteriorate, Maglaras notes that not all concrete aggregate comes from quarries.

https://www.journalinquirer.com/connecticut_and_region/crumbling-concrete/article_26b96d7a-b50c-11ed-9139-4b930c4be5c9.html

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