The AHTCC has joined members of the Housing Affordability Coalition in signing a letter to Congress and the Biden Administration. This letter, backed by groups representing housing providers, lenders, and residents, highlights the impact of rising insurance costs on affordable housing. The letter outlines several bipartisan policy recommendations aimed at mitigating the causes of soaring insurance premiums, which have adversely affected all stakeholders, including single-family, multifamily, and affordable housing developers, lenders, investors, owners, and renters.
Uncontrolled increases in insurance costs drive up housing prices, hinder housing delivery, and contribute to inflation. By calling on the federal government to address these issues, the Housing Affordability Coalition aims to ensure housing providers can meet the needs of nearly 40 million renters and support the economy and communities nationwide.
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