This bill would establish a crumbling concrete relief fund to be used by Bay Staters whose homes are affected by the presence of pyrrhotite. Pyrrhotite, a naturally occurring iron sulfide mineral that expands when exposed to water and oxygen, can cause concrete to crack, disintegrate, and fail. The bill also establishes a working group to make recommendations for regulatory and legislative changes necessary to comprehensively address the remediation of residential property foundations that have deteriorated due to the presence of pyrite or pyrrhotite.

This mineral makes its way into the aggregate used to make concrete and has been the root cause for the concrete foundations of residences to fail prematurely. The average cost to replace a residential home foundation is between $60,000 and $400,000. This bill is intended to ensure that the homeowner is not responsible for the costs associated with a deteriorating foundation due to the presence of pyrrhotite.