Senator MD Rahman Welcomes $25 Million in State Funding for Crumbling Foundations Assistance Fund

Senator MD Rahman, D-Manchester, welcomed the State Bond Commission’s expected Thursday approval of $25 million in funding to bolster the Crumbling Foundations Assistance Fund.

The fund supports the efforts of the Connecticut Foundation Solutions Indemnity Company, a captive insurance company, which assists homeowners with the replacement of foundations that are deteriorating as a result of a naturally occurring mineral called pyrrhotite.

“Crumbling foundations have had catastrophic impacts on the investments of homeowners across Northeastern Connecticut including residents of Andover, Bolton, Glastonbury and Manchester,” Senator Rahman said. “Although assistance programs have helped hundreds of families replace their foundations, it is critical that we continue to help these homeowners. By including this funding on Thursday’s agenda, Governor Lamont and the State Bond Commission have signaled that Connecticut will support these families until their homes are made whole again.”

The issue impacts potentially thousands of Connecticut homes built between 1983 and 2015 with foundations using concrete originating from the JJ Mottes Concrete Company in Stafford Springs.

As co-chair of the legislature’s Planning and Development Committee, Senator Rahman has worked to support families impacted by crumbling foundations. This year, Senator Rahman led passage of Senate Bill 224, which required local assessors to give homeowners at least 90 days’ notice before a revaluation on properties with defective concrete foundations.

This policy affects a state law which allows homeowners whose foundations are crumbling to seek a reassessment in order to reflect the property’s diminished value. Senate Bill 224 provides those homeowners notice before their properties are reassessed.