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CFSIC superintendent Michael Maglaras says program will stop new applications on June 30, 2030, and expects crisis to peak under 4,000 homes
Summary
At a CROG policy board meeting, Michael Maglaras reported 2,579 applications, 1,229 families helped, and said CFSIC will close its application portal on 06/30/2030 while continuing to process claims already in the pipeline.
Michael Maglaras, superintendent of the Connecticut Foundation Solutions Indemnity Company (CFSIC), told the Capital Region Council of Governments policy board that the state’s crumbling‑foundations program has processed thousands of claims and that the application portal will close on June 30, 2030. "As of this morning at 9AM, 2,579 legitimate applications for assistance," Maglaras said, adding that CFSIC has returned 1,229 families to safe foundations and has personally signed 1,670 participation agreements.
Maglaras said the program will enter a sunset period on 06/30/2030, meaning it will stop accepting new applications on that date but will continue to process existing claims. "We will be shutting the application process down by then," he said, and estimated the real closure of operations…
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