On Tuesday, State Senator Linda Stewart filed legislation that would extend homeowner protections from bad drywall projects that were used on homes bought during the Real Estate surge of the mid 2000’s.
Currently set to expire this July, SB 948 extends to 2025, property tax relief for those affected properties with the intent of providing homeowners more time to make repairs the provisions until 2025, adding eight more years to ensure that property owners statewide have the financial security to replace or repair drywalls in affected properties.
“Too many Floridians have been subjected to financial loss because of the influx of tainted drywall entering our markets,” said Stewart. “When property values are lowered due to defective building materials, it is ordinary Floridians who must pay the price,” she went on to say.
The corrosive drywall used during that period has been known to lower property values and Stewart adds that the chemicals used in the drywall can possibly cause medical problems.
Companion legislation is being filed by Representative Emily Slosberg in the State House
“From 1999-2009 3,630,000 sheets of tainted corrosive drywall were delivered to Florida alone,” said Slosberg. “Since the market value of the property affected is substantially lowered, homeowners are being indirectly punished as they lose thousands of dollars. It is imperative that the State extend the time period and continue to offer relief to those affected.”