House approves bill that aims to help homeowners with crumbling foundations

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The House approved a bill that would allow homeowners with cracked and crumbling foundations to obtain low interest loans for repairs or replacement.

Property owners who have reached the maximum of $175,000 in assistance through the state’s captive insurance company are eligible.

Related Content: New loan program could help homeowners with foundation woes

There is an estimated 35,000 homes in the state with deteriorating or failing foundations.

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