Latest News…October 26, 2020
Writer Tami Kennedy Burke caught up with Michael Maglaras, Superintendent of CFSIC, this past week on the issue of CFSIC funding. What follows is an excerpt from that interview. Read more
Latest News…October 19, 2020
We believe that with the next round of funding, we will be able to start the process of remediating 170 active Severity Class 2 claimants who have been anxiously and patiently awaiting assistance. Read more
Latest News…October 12, 2020
As of today, October 12, condominium associations comprising 91 units with severity class coded 3 foundations have Participation Agreements from the Superintendent’s office. Read more
Latest News…October 5, 2020
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
Latest News…September 28, 2020
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
Latest News…September 21, 2020
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
Latest News…September 14, 2020
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
Latest News…September 8, 2020
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
Latest News…August 31, 2020
CFSIC is currently not taking applications for any of the three categories of applicant…Active, Inactive, and Pending. Read more
Latest News…August 24, 2020
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