In the U.S., there are three main types of insurance: personal insurance, which protects the things you own; life and health insurance, which protects you or your family personally in the event of illness or death; and commercial insurance, which protects you and anyone you invest with when running a business or creating a new product or service.

Local municipalities and private owners may offer to donate property to your affordable housing organization. While there are clear advantages to these donations, including the potential to increase housing stock in the area, you should consider several factors before accepting donated property.

If you've ever chalked up money for a streaming service or gym membership you didn't end up using regularly, then you know what it's like to spend unnecessarily. 

Insurance terms can be difficult to understand for those outside the industry. When securing coverage, housing organizations are likely to hear about coverage limits and sublimits. What exactly do these terms mean? Let’s dive in.

Affordable housing organizations planning significant redevelopment or renovation projects will need to partner with contractors to get the job done. So how should you select qualified contractors, monitor their work, and ensure your organization, as the project owner, isn't exposed to unnecessary risks?

Most housing organizations handle lawn maintenance and snow removal directly or through an insured third-party contractor, but it's not uncommon for residents of scattered sites to take on the responsibility. This can take the burden off busy maintenance teams and help instill a sense of pride in residents, but is it worth the risk?

Online reputation management is more crucial than ever in maintaining a successful multifamily operation. In terms of attracting potential residents, building a positive online reputation can be a gamechanger, because a vast majority of consumers search online to find local businesses and services.

If you’re a high-achieving housing agency looking to continuously improve your operations, getting accredited with the Affordable Housing Accreditation Board (AHAB) is a great next step. AHAB, an independent organization, has been accrediting affordable housing providers nationwide since 2018 based on eight standards developed by the housing industry. To help you learn more about the benefits of accreditation, along with the process, HAI Group’s Staci Canny sat down with Jeff Weslow, assistant director of AHAB, to get a closer look.

Playgrounds are fun places for children to play, and outdoor playgrounds offer a healthy balance to staying indoors. They provide growing young people with an outlet for their energy, as well as a place to develop emotional, social, and intellectual skills and abilities.

With a strong playground safety program that includes inspection and maintenance, playgrounds can be very safe spaces for children to learn and grow. That goes without saying; if your organization doesn’t have safety precautions in place, playgrounds can be dangerous.

Housing organizations taking on large construction projects may be exposed to insurance products they aren’t familiar with to cover construction-related risks. One such product is wrap-up insurance, a type of construction liability policy with two variations—owner-controlled insurance programs (OCIPs) and contractor-controlled insurance programs (CCIPs).