Bill > H1001

This bill establishes a task force to study and propose recommendations for creating a fund to help homeowners dealing with crumbling foundations, a serious structural issue affecting some residential properties. The task force will be composed of key government officials from various departments including economic development, housing, public safety, and insurance, as well as representatives from housing authorities, property management, and insurance companies. The group will investigate several critical aspects of the crumbling foundation problem, such as the cost of materials, geographic areas most affected, average testing and inspection expenses, funding strategies used in other states, and the potential administrative costs of establishing such a fund. Specifically, the task force will include 13 members, with representation from state agencies, legislative committees, minority leadership, and relevant industry stakeholders. The bill requires the task force to submit a comprehensive report with recommendations and potential legislative proposals to the appropriate legislative bodies by July 31, 2027, with the ultimate goal of developing a sustainable solution to assist homeowners facing significant and costly foundation repairs.

Agriculture and Natural Resources

https://malegislature.gov/Bills/194/H1001