Seventy-five percent of affordable multifamily housing developments surveyed nationally reported insurance premium hikes over 10% between 2022 to 2023 according to a National Multifamily Housing Council report. Bloomberg and other news outlets have been reporting how “rising insurance rates are crushing affordable housing” which led to a Senate Committee hearing in Congress last year.
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Affordable housing in Vermont is facing these same challenges and so the Vermont Housing Finance Agency is inviting affordable housing owners, managers, developers, including Public Housing Authorities, nonprofits and for-profits to a webinar on the topic to be held April 2nd from 1 to 3 pm via Zoom.
Agenda
- Welcome – Maura Collins (Vermont Housing Finance Agency)
- Presentation on national trends and what’s driving them from an insurance perspective – Thom Amdur (Lincoln Avenue Communities)
- Presentation on impacts of recent insurance changes on Evernorth’s three-state portfolio – Sherrin Vail (Evernorth)
- Presentation on the tools and resources Champlain Housing Trust uses to manage risk and responses – Michael Monte (Champlain Housing Trust)
- Overview of possible steps Congress, the White House, and the Vermont Legislature could consider to address impacts – Thom Amdur
- Open discussion among Panelists to discuss what properties can do to manage risk, lower costs, or respond to new challenges – facilitated by Andrew Winter (Twin Pines Housing Trust)
- Audience questions and discussion – facilitated by Andrew Winter
This will be recorded and published on VHFA’s website following the event.
This meeting will be held via Zoom at https://us06web.zoom.us/j/85691784244?pwd=NDauoTLfScIYBgu2QeeEwJKzLEI5AW.1
Meeting ID: 856 9178 4244
Passcode: 259086
To call in dial 309-205-3325 and use meeting ID and passcode above.