Establishes a Crumbling Concrete Assistance Fund to aid homeowners with foundation repairs due to pyrite or pyrrhotite.
The bill creates a Crumbling Concrete Assistance Fund to provide financial assistance to homeowners for repairing or replacing concrete foundations damaged by pyrite or pyrrhotite. The fund will be administered by the secretary of housing and livable communities. It will be financed through appropriations, federal funds, and other designated sources. The secretary will report annually on the fund's activities. The bill also mandates a stakeholder working group to recommend regulatory and legislative changes for addressing residential property foundation deterioration.
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