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Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development (“HUD”), said Tuesday that help will soon be coming for homeowners affected by Chinese drywall. The tainted drywall, believed to be present in more than 100,000 homes across the country, releases toxic fumes that corrode copper pipes and wiring, metals, and appliances.
During a recent trip to Florida, where more than 36,000 homes are believed to be affected, Donovan said that once the results of a series of air quality tests are completed, HUD may be able to help affected homeowners with grant money for home renovations as well as work with lenders to write off principal loan balances and interest payments.
For the full story, to the Sun Sentinel.