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News from State Senator Cathy Osten
     

November 22, 2016

Capitol address
Legislative Office Building
Room 2100
Hartford, CT 06106-1591

E-mail me here

On the Web
www.SenatorOsten.cga.ct.gov

Phone
Capitol: 860-240-0579
Toll-free: 1-800-842-1420


New Proposal to Help Residents with Crumbling Concrete

concrete
I recently joined my colleague Senator Tim Larson to announce our plan to help an untold number of Connecticut homeowners struggling to replace faulty home foundations containing the mineral pyrrhotite that has caused them to begin cracking and crumbling.

As the Senate Chair of the Planning and Development Committee, I have been working closely with Sen. Larson, affected homeowners, Department of Consumer Protection Commissioner Jonathan Harris, Attorney General George Jepsen, Congressman Joe Courtney and Lt. Governor Nancy Wyman to find a solution to the financial concerns of affected homeowners and to identify the true number of homes affected.

We are proposing that Connecticut allow towns where homes are affected to adopt by local ordinance a loan program and raise municipal bonds--like they already do to fund local road repairs and other capital improvement projects--to provide funds to eligible homeowners to assist with the replacement of their severely damaged foundations.

VIDEO: Crumbling foundations
We suggest towns should authorize municipal bonds to create a pool of funding which affected homeowners would be able to access through an application process to fix or replace their faulty foundations.

More people will come forward when they can be assured that there is a funding mechanism in place, and they don't have to feel like they have to hide this problem from anyone, because it is going to be fixed and they will be made whole. These funds will serve as a literal life-line for homeowners and will help secure the largest financial investment many of them will make in their lifetime.

We believe that the best way to move forward is to let local towns determine how they want to participate in the program--by bonding low-interest loans or direct grants to residents.

We also believe that a strict application process would need to be in place in order to ensure that the money being distributed to property owners is not misappropriated for issues unrelated to crumbling foundations.
 

 

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My mailing address is:
Senator Cathy Osten, Legislative Office Building, Room 2100, Hartford, Connecticut 06106
Capitol telephone: 860-240-0579, or Toll-free: 1-800-842-1420

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