A Connecticut agency set up to help fix the problem of crumbling foundations says fewer homeowners have applied for state help than had been anticipated.
Michael Maglaras is head of the Connecticut Foundation Solutions Indemnity Company that’s overseeing the claims.
He told a state legislative committee that more than 5,000 applications had been expected but only about 1,200 have been received so far.
“We have put 55 people back in their homes. We would have done 90 by Christmas Day. This time next year, 255 families would be restored.”
The state has committed to spend $100 million to repair homes in eastern Connecticut affected by the crumbling foundation problem. Part of the money comes from a surcharge on homeowner insurance premiums.
On Tuesday, the State Supreme Court ruled in favor of three private insurance companies that say they are exempt from covering such repairs for their policyholders.
