Lawmakers and regulators must move quickly to adopt these reforms and restore stability to the insurance market.
Property insurance costs for affordable housing owners and developers have surged at a rapid pace in recent years, with some owners facing premium hikes of 25 percent or more year over year. This, ...
The crisis has many causes, but one that is routinely overlooked is the increasingly common practice of insurance carriers charging excessive rates for insuring affordable housing developments, or ...
New York City’s affordable housing crisis frequently feels intractable. A complex web of sky-high land and construction costs, a complex regulatory scheme and a massive imbalance between supply and ...
Though affordable housing was a hot topic during the presidential campaign, President-elect Donald Trump’s policy platform was light on details of how he plans to address this ongoing crisis. In the ...
In Sun Belt states like North Carolina, developers of low-income apartments are abandoning coastal areas. There, climate change has pushed up sea levels up nearly a foot over the past seven decades.
Insurance is one of those financial products that often feels like a burden until you need it. Whether you are protecting your car, home, or personal belongings, having the right coverage in place can ...
A trio of bills just introduced by New York state legislators aims to bring relief to affordable housing landlords, who have seen their insurance costs more than double in the past seven years. Among ...
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New York hearing on insurance impact on housing crisis
At a joint legislative hearing, housing providers, insurance industry groups, consumer advocates, and state regulators ...
The landlords who own more than 450,000 of the city's rent-stabilized apartments saw insurance expenses grow 150% from 2019 ...
Avenue Las Brisas was what urban planners call “naturally occurring” affordable housing. Built in 1963, the two-story complex in Houston Heights was tidy but had all the typical problems that come ...
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