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Affordable housing's growing insurance problem



 Affordable housing

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Although many academics are sounding the alarm about the crisis of affordable housing in the United States, the problem of affordability continues to intensify. Recently, researchers at Freddie Mac increased their estimate of the housing shortage for 2018 by 52% to 3.8 million homes. In addition to the astonishing increases in development costs over the past decade, escalating operating costs are threatening the affordable housing industry. One of these invisible costs that significantly affects the successful operation of affordable housing organizations is insurance.

This recently published article provides insights and analyzes on the use of crime scores by insurance companies in predictive modeling and how this practice has led to premium increases and / or significant challenges in obtaining coverage in the affordable housing industry.

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