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Chinese Drywall Town Hall Meeting

Nearly 150 people  attended a town hall meeting in Williamsburg hosted by  Richard J. Serpe, an attorney representing about 70 families whose homes contain Chinese drywall. Many were from Hollymeade Village, a Newport News town-home development. Others were from Williamsburg-area developments.
They’re among about 2,775 reports of the defective building material that have surfaced in 36 states, the District of Columbia and Puerto Rico, according to the Consumer Product Safety Commission. Most of the homes were built in 2006 and 2007. More than 90 percent of the reports are from Florida, Louisiana and Virginia.

The CPSC is investigating complaints of health and electrical problems and is supposed to come up with ways to fix the homes.
The U.S. Department of Housing and Urban Development announced aid to FHA-insured homeowners, but that doesn’t apply to many in Hollymeade, homeowner Eric Bailey said.
The city of Newport News has agreed to lower real estate tax assessments on the affected homes but homeowners say that still doesn’t help. City officials said they’ve done all their charter allows.
Del. G. Glenn Oder, R-Newport News, has introduced legislation to prohibit insurers from canceling, refusing to renew or increasing rates on a homeowner’s policy because the home was built with Chinese drywall.
Serpe’s office has about 60 drywall clients throughout Hampton Roads, including several in the Williamsburg area. The office obtained delivery records of the Chinese drywall supplier that indicated Chinese drywall might have been delivered to Braemar Creek, New Town, Wellington and Kensington Woods, all in James City, and Overlook Point in York.
Fixing the homes will require stripping them to the studs and bricks, and all the electrical wiring and equipment, HVAC and copper components and appliances, at an estimated cost of $80 per square foot. The cost to repair could be as high as $240,000 for a 3000 square foot home.

Read more about Chinese Drywall issues in the Hampton Roads and Williamsburg , Virginia areas here

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