More on Crumbling Foundations
U.S. Reps. Joseph D. Courtney and John B. Larson say they’re optimistic that homeowners with crumbling foundations will be provided tax relief for repairs following a meeting Monday with Treasury Secretary Steven Mnuchin.
The congressmen met with Mnuchin and Secretary for Tax Policy David Kautter at the Treasury Department headquarters in Washington, D.C., to discuss their request for an IRS “revenue procedure” — a guidance document that could allow homeowners to deduct foundation repair costs from their federal taxes.
WASHINGTON, D.C. —Today, Congressman Joe Courtney (CT-02) released a letter from the Department of Housing and Urban Development (HUD) indicating that Connecticut municipalities may have a path to pursue federal grant funding to address repairs associated with crumbling foundations. As part of his effort to identify federal resources for homeowners struggling with crumbling foundations, Courtney received a letter from HUD outlining two possible sources of existing annual federal grant funding that could be used for municipal housing rehabilitation programs.