HARTFORD, Conn. (AP) — Two Democratic Connecticut senators are hoping municipalities will create new loan programs to help homeowners cover the high cost of repairing or replacing their crumbling foundations.
Sens. Cathy Osten of Sprague and Tim Larson of East Hartford unveiled proposed legislation Friday that allows affected towns to adopt, by a local ordinance, a loan program that could be funded with municipal bonds. They liken it to how municipalities fund local road repairs.
Osten calls the draft legislation “a piece of the puzzle,” adding how lawmakers are still pushing for federal financial assistance. She hopes the loans might become grants, considering homeowners face repairs averaging $150,000 to $200,000.
Hundreds of eastern Connecticut homeowners have filed complaints about failing foundations. The problem has been traced to a concrete mix from a Willington quarry.