Less attention, though, has been paid to rental housing, particularly for low and moderate income people. Unlike market-rate apartment developers, those building multifamily projects financed by subsidies and tax credits do not have the ability to simply pass on those higher insurance costs to tenants, since they are limited by government guidelines as to how much rent they can collect. — The New York Times
The Times points out, many “low-income areas tend to be more prone to flooding and other catastrophic damage” – meaning that resilient design strategies often have to be added to the list of considerations for architects and their clients (as the ASLA’s most recent industry survey proves). The article quotes another conducted last year by the National Leased Housing Association as finding “nearly one-third” of all affordable housing developers nationally reporting insurance increases of 25% or more between 2022 and 2023.
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This building might be more affordable if the architect hadn't wasted precious recoursed on the wierd structural gymnastics. I'd be curious to see what context this design might improve or enoble.
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