Establishes a Crumbling Concrete Assistance Fund to aid homeowners with deteriorated concrete foundations due to pyrite or pyrrhotite.
The bill creates a Crumbling Concrete Assistance Fund to provide financial assistance for repairing or replacing residential concrete foundations damaged by pyrite or pyrrhotite. The fund will be administered by the secretary of housing and livable communities. It will be financed by appropriations, gifts, grants, donations, settlements, and federal funds. The fund's balance will carry over to subsequent fiscal years. The secretary will seek federal reimbursements and report annually on fund activities.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.