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California's Rising Insurance Premiums Threaten Affordable Housing

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A new condo building is seen through the overgrown grasses of the lot across the street.
Laurel at Perennial Park, an affordable apartment complex for seniors, can be seen behind flowers from Journey's End mobile home park in Santa Rosa on July 28, 2023, which burned almost entirely during the Tubbs Fire in October 2017. Across the state, affordable housing providers report massive increases in insurance premiums — often regardless of where their buildings are located. And for nonprofits in rural areas with a more pronounced wildfire risk, it’s an “existential” crisis. (Beth LaBerge/KQED)

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Affordable Housing Providers Are “Scrambling” In California’s Volatile Insurance Market

Homeowners in California have been reeling from the news that large insurance carriers will no longer offer new policies in the state. Nonprofits that provide affordable housing are also feeling the squeeze, and that’s threatening to make the state’s housing shortage even worse. 
Reporter: Erin Baldassari, KQED

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