During this past week, more good news for condos emerged. First, the CHFA loan program has been statutorily augmented to expand low-interest loan availability to condominium associations. We thank Governor Lamont for signing this legislation.Read more
On June 30, 2020 CFSIC disabled the application process. It’s important to remember that on that date the only type of claimant CFSIC was accepting were claimants in the Pending status. Read more
On Friday, September 18, CFSIC reached a major milestone…more than 200 foundations replaced in 20 months…203 to be exact. That’s 203 families back in a home with a new and stable foundation. 203 homes where the equity has been restored and where the tax base in the towns in question have been improved. Read more
CFSIC’s 2019-2020 audited financial will shortly be approved by CFSIC’s Board of Directors and by the Trustee of the Crumbling Foundations Assistance Trust. When it is, it will be posted up on this site. Read more
CFSIC is entering into Participation Agreements and will be doing so for claimants in the Participation Agreement line up to and including February 26, 2020. Once we reach that date, we will stop, and we will shut down the PA process until the receipt of more funds, which we expect to happen in late June of 2021 with the receipt of the next tranche of Healthy Homes funds, followed by the last $20M installment from the CT Bond Commission. Read more
CFSIC is currently not taking applications for any of the three categories of applicant…Active, Inactive, and Pending. Read more
CFSIC staff worked through the weekend to review and then to approve Participation Agreements for the first condominium association in line for foundation remediation. Read more
If you own a home resting on one of the 176 foundations we’ve replaced to date, or if you’ve been the recipient of some of the $6.8 million in claim assistance we’ve provided to reimburse for foundations already replaced…some originally replaced as many as 17 years ago…then we are asking you to help a special friend. Read more
With the completion of our 174th home this past week, we’re pleased to report real progress in the remediation of stand-alone homes, and mot recently PUDs. Read more
We are awaiting our next tranche of $20 million from the CT Bond Commission, which will enable us to enter into 98 Participation Agreements for claimants currently in line from November 26, 2019 through February 19, 2020. Among these PAs will be a number of condo association buildings that have been in line since December 18, 2019. Read more