The North Anna - Kraken Loop is a Dominion Energy proposed 500kV + 230 kV power line project that requires a 120 foot clear cut path across Stafford County, affecting five public schools and numerous farms and homes. Towering Concerns is a citizen coalition that seeks to EDUCATE the public about the Kraken and work with Dominion to MOVE and/or MITIGATE its negative effects.

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Could the Kraken prevent me from refinancing my home? Could it prevent me from selling my home?

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(@jenny)
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Possibly.  

Here's the language form the HUD website titled Hazards & Nuisances: Overhead High Voltage Transmission Towers and Lines: "The appraiser must indicate whether the dwelling or related property improvements is located within the easement serving a high-voltage transmission line, radio/TV transmission tower, cell phone tower, microwave relay dish or tower, or satellite dish (radio, TV cable, etc).

  1. If the dwelling or related property improvement is located within such an easement, the DE Underwriter must obtain a letter from the owner or operator of the tower indicating that the dwelling and its related property improvements are not located within the tower's (engineered) fall distance in order to waive this requirement."

https://archives.hud.gov/offices/hsg/sfh/ref/sfh1-18f.cfm

If your property is located in part or in full within the 335ft easement, you may have to do extra paperwork to qualify for a loan and could be refused. The Kraken could prevent potential buyers from qualifying for a loan to buy your property if you choose to sell.


This topic was modified 3 weeks ago by jenny

   
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(@jenny)
Trusted Member Admin
Joined: 3 months ago
Posts: 40
Topic starter  

More information on the engineered fall distance is found below:

https://www.eng-tips.com/threads/high-voltage-tower-quot-engineered-quot-fall-distance.252993/ - This describes an engineer's attempt to get the fall distance from Dominion Energy for a HUD project, but Dominion did not provide usable information

https://www.hudexchange.info/programs/environmental-review/housing/fact-sheets/#map-guide-on-acceptable-separation-distance-and-pipelines   - HUD website defines which types of developments are affected by the HUD guidelines (includes parks, play areas, homes, decks, etc) and must include an engineered fall distance report

https://www.eng-tips.com/threads/support-towers-for-high-voltage-transmission-lines-expert.298929/ - advises that individuals approach the power company and ask them to do an official report showing the fall distance for the towers in question when seeking information for HUD.  The fall distance cannot be calculated simply by knowing the height of the poles and must be calculated using information from the pole manufacturer on how it is designed to fail.

https://www.fha.com/fha_article?id=3789 - website explaining that homes too close to power lines will be denied FHA financing


This post was modified 3 weeks ago by jenny

   
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