iron sulfide News

New Loan Program Could Help Connecticut Homeowners with Foundation Woes

Connecticut lawmakers are working to provide additional assistance to homeowners impacted by the crumbling foundations problem. The House of Representatives last week advanced a bill to the Senate, by a vote of 131-7, requiring the Connecticut Housing Finance Authority to …

First Connecticut Crumbling Foundation Repaired with State’s Help

Work has been completed on the first Connecticut home with a crumbling foundation, using funds from a captive insurance company created by the General Assembly in 2017. It took about six weeks to replace Kevin and Aisling McCloskey’s basement in …

Some Connecticut Condo Associations Can Seek Crumbling Foundation Help

Some Connecticut condominium associations with crumbling foundations can seek financial help from the captive insurance company that’s been helping owners of stand-alone homes. Michael Maglaras, superintendent of the Connecticut Foundation Solutions Indemnity Company Inc., announced Monday that associations can apply …

Candidate Seeks to File Brief in Connecticut Crumbling Foundations Case

A Democratic candidate for state Attorney General is seeking permission to become involved in a court case involving eastern Connecticut homeowners whose foundations are crumbling. Wethersfield state Sen. Paul Doyle filed a piled a petition Thursday in state Supreme court …

Connecticut Senator Says Surcharge to Help Homeowners Is Not Dead

A key Connecticut lawmaker says a proposed surcharge on insurance policies to raise money to help homeowners with crumbling foundations is not a dead issue. Senator Cathy Osten, the Democratic Senate chairman of the Appropriations Committee, said Friday “the surcharge …

Bonding Awarded to Launch Crumbling Foundations Entity in Connecticut

A Connecticut panel has awarded funding to launch a new not-for-profit insurance company that will manage state dollars that will help homeowners with crumbling foundations. The State Bond Commission approved $350,000 Friday in start-up money for the Connecticut Foundations Solutions …

Connecticut Lawmakers Urged to Help Crumbling Foundation Homeowners

Regional officials are reminding state lawmakers it’s urgent this session to provide assistance to eastern and central Connecticut homeowners with crumbling foundations. Both the executive director of the Capitol Region Council of Governments (CRCOG) and chairman of a CRCOG committee …