Connecticut Bond Commission Advances $25M for Home Foundation Repairs

The Connecticut state Bond Commission is anticipated to approve an additional $25 million in funding to address the issue of crumbling home foundations in northeastern and north central Connecticut. This funding, if approved, will increase the total state investment in foundation remediation to $200 million from bonding sources, with an additional $100 million planned. An annual surcharge on certain homeowner insurance policies contributes approximately $11 million annually to the foundation repair fund.

The financial support aims to mitigate a longstanding crisis affecting homeowners, with over 1,100 homes already repaired through previous funding rounds. The average remediation cost has decreased to around $140,000 due to competitive contracting, enabling more homes to be fixed with the available resources. This year’s funding could support the repair of approximately 250 more homes.

Repairs typically ramp up in the summer months, and the extra funding will help ensure that work continues through late November. Some contractors continue operations into winter months when weather permits, as concrete pouring is still feasible without extended cold spells. The goal is to resolve the foundation crisis by June 30, 2030, as stated by the Connecticut Foundation Solutions Indemnity Company (CFSIC).

Homeowners with deteriorating foundations are encouraged to apply for remediation programs promptly to benefit from the available funds before CFSIC ceases operations. Early enrollment helps accelerate the resolution of the foundation problem by maximizing participation and repair throughput.

The Bond Commission will also consider other infrastructure investments, including $2.57 million for the Connecticut Fire Academy and nearly $4 million for Enfield courthouse improvements. Additionally, a $500,000 allocation is proposed for Hebron fire department equipment and vehicle needs. These allocations reflect a broader strategy to bolster critical infrastructure in the region alongside addressing residential foundation failures.