Bill > H890

This bill establishes a Crumbling Concrete Assistance Fund to help homeowners whose residential properties have concrete foundations damaged by pyrite or pyrrhotite, a mineral that can cause significant structural deterioration. The fund, administered by the secretary of housing and livable communities, will provide financial assistance for foundation repair or replacement, minimize municipal fiscal impacts, and even reimburse homeowners who have already replaced their damaged foundations. The fund will be supported by state appropriations, public and private donations, federal funds, and interest earnings, with any unused balance rolling over to subsequent fiscal years. Additionally, the bill creates a stakeholder working group comprising representatives from various state agencies, industry associations, and consumer advocacy groups to examine comprehensive approaches to addressing foundation deterioration, including potential funding models like insurance surcharges, loan programs, and consumer protection strategies. The working group is required to submit a detailed report with recommendations by February 1, 2026, and the fund administrator must provide an annual report on the fund's activities. Importantly, any funds issued to homeowners for foundation repairs will be exempt from state income taxation.

Agriculture and Natural Resources

https://malegislature.gov/Bills/194/H890