Saud Anwar

Senator Anwar Supports State Bond Commission’s Release of Additional $20 Million in Funding for Crumbling Foundations

State Senator Saud Anwar (D-South Windsor) announced that the State Bond Commission on Tuesday released an allocation of $20 million in funding for support of individuals with crumbling concrete foundations in their homes. This is the third scheduled release of a total of $100 million in funds from the Bond Commission to support homeowners as they face the arduous challenges of rebuilding their homes in light of this significant, costly issue.

“I welcome the continued support of the Bond Commission for individuals who have to struggle with the overwhelming challenge of replacing their homes’ foundations,” said Sen. Anwar. “Leaders are keeping their promises and making sure this significant issue is addressed. I look forward to the final two funding releases in years to come.”

The State Bond Commission on Tuesday approved its third release of $20 million in funding to the Crumbling Foundations Assistance Fund. These funds are used by the Connecticut Foundation Solutions Indemnity Company, Inc. to assist homeowners whose home foundations contain the chemical pyrrhotite, which causes degradation and crumbling after prolonged exposure to air and water. This delayed decay, not visible for several years, continues to plague thousands of homes across Connecticut well after their construction.

Additionally on Tuesday, Governor Ned Lamont said the state would release the remaining $40 million remaining in future allocations. Key stakeholders have worried that these funds would not be released; the governor’s statement allows them to move forward.