An Act relative to crumbling concrete foundations

This bill creates the Crumbling Concrete Assistance Fund to help Massachusetts homeowners repair or replace residential foundations damaged by minerals like pyrite or pyrrhotite. The fund, managed by the Secretary of Housing, provides direct financial assistance to affected homeowners, reimburses those who already paid for repairs (up to the fund's coverage limit), and minimizes financial strain on municipalities. Key provisions include tax exemptions on repaired foundations, annual reporting requirements, and a requirement for the Secretary to seek federal funding to support the program. A stakeholder working group must also develop long-term recommendations by 2026 on funding models and consumer protections. The bill directly affects homeowners with deteriorated foundations and local governments facing related costs.