Rising Insurance Costs Worsen the US Affordable Housing Crisis, Research Shows

Summary

This report examines how rising property and liability insurance costs are exacerbating the affordable housing crisis in the United States. Based on research and interviews with nearly 40 stakeholders including affordable housing developers, providers, lenders, insurance industry participants, and tenant organizers, the article maps out multiple intervention points where insurance costs shape the quantity and quality of affordable housing. The findings indicate that increasing insurance premiums are further straining an already difficult housing affordability landscape.