The U.S. Department of Housing and Urban Development announced that FHA-insured families experiencing problems associated with problem drywall may be eligible for assistance to help them rehabilitate their properties. In addition, HUD’s Community Development Block Grant (CDBG) Program may also be a resource to help local communities combat the problem.
via RISMedia.
To ensure fair assessments for these damaged properties, we will reduce the building value by 50% –
Preliminary results from a federal investigation have found elevated levels of dangerous chemicals in Chinese-made drywall. What that means to the makers of the material, and the people suffering in homes built with it, is uncertain
via AHN .
At least two home insurers in Florida have begun dropping policyholders who filed claims for property damage linked to drywall imported from China.
via WSJ.com.
