Crumbling Foundation Assistance Fund
I was part of a Crumbling Foundations press conference today. The highlighted legislation includes a $12 surcharge from homeowner’s policies sold in CT that would be deposited into the Crumbling Foundation Assistance Fund for crumbling foundations of residential buildings, or condominiums constructed on or after January 1, 1983.
It’s not a solution, but a start. Other revenue streams are being sought.
Proposed Substitute Bill No. 806, LCO No. 5434