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Photo of Senator Tim Larson.

STATE SENATOR

Tim Larson

Getting Results

More Help for Crumbling Foundations

While the state budget provided some relief to crumbling foundation homeowners, I knew more needed to be done.

So, shortly after passage of the bipartisan state budget, I wrote a letter to our U.S. Representatives to emphasize the importance of their continued support in getting federal relief on this issue.

The state budget provides crumbling foundation relief to homeowners, most of whom reside in the northeast region of Connecticut, by including the following:

  • Allows $100 million in bonding over the next five years to assist homeowners with deteriorating foundations, along with other aid programs.
  • Puts fair procedures and processes in place to repair and restore crumbling foundations with strong oversight protections with the establishment of a nonprofit captive insurance company.
  • Provides grants and low-interest loans for homeowners with crumbling foundations.

Now in addition to that, last week, U.S. Representative John Larson and U.S. Representative Joseph Courtney announced that the IRS will allow homeowners with crumbling foundations to claim a casualty loss deduction when filing their taxes.

Homeowners can begin applying for reimbursements now by visiting www.foundationtesting.org and submitting an application. A phone line has also been established at 860-724-4277 to provide additional assistance. For more information click here.

I’m very thankful to our elected officials in Washington for their efforts, and I’m glad Connecticut homeowners suffering from crumbling concrete foundations are beginning to see the relief for which they advocated.