Affordable housing organizations rehabilitating aging residential properties or building new developments are exposed to new risks, including the potential for fire on a construction site.
HAI Group Blog
Insurance, Risk Management, and Professional Development Tips for the Affordable Housing Industry.
Risk Management (2)
Public and affordable housing organizations strive to fill vacancies as quickly as possible to fulfill community housing needs and avoid loss of rental income, but it's not always feasible.
With flooding now the top natural peril in the U.S., and research finding that 40 percent of the nation’s occupied rental stock is located in areas likely to experience a substantial annual loss due to natural disasters, one thing’s for sure: It is critical for affordable housing providers to be prepared. On the heels of their recent webinar, titled Flood Planning and Mitigation for Affordable Housing Organizations, the Public and Affordable Housing Research Corporation’s Lead Research Analyst Kelly McElwain, and HAI Group’s Lynn Crisci, assistant director of Product Development, along with Mary Ciccaglione, manager of Risk Control and Consulting, spoke with HAI Group’s Staci Canny to answer some of the webinar audiences’ top questions.
How to Use HAI Group's Guided Business Continuity Planning Tool for Affordable Housing Organizations
If an emergency strikes, do you have a plan in place to keep your affordable housing organization operational, or has the development of a business continuity plan remained on the back burner?
HAI Group is here to help. We've developed a tool to guide your organization through creating a customized business continuity plan (BCP). Watch the video below for a step-by-step overview, or keep reading to learn more!
Not every structure fire can be prevented—there’s a reason nearly every town, no matter how small, has a dedicated career or volunteer fire department. But there are proven steps public and affordable housing organizations can take to reduce the risk of fires and ensure residents, visitors, and staff remain safe if a fire does occur.
Poverty conditions don’t invariably lead to more fires but do present certain risk factors that should be addressed on a community-by-community basis, according to a National Fire Protection Association (NFPA) research report published in 2021. The report cites several studies conducted over the last five decades that have made the connection between poverty and elevated fire risk.
Your public or affordable housing organization can't develop an informed response to emerging risks if you don't know what they are. HAI Group has your back.
Keeping information safe and secure is a challenging development for businesses of all sizes over the last few years, including public and affordable housing organizations. Expeditious shifts from in-person to online to hybrid workplaces forced companies to change, or at least reexamine, their cybersecurity practices and protocols, and far too often they weren’t prepared.
October is Cybersecurity Awareness Month, now in its 19th year. So why should you—someone working in the housing industry—care about cybersecurity? Public and affordable organizations are being breached by cybercriminals with increasing frequency.
The staff at Denver Housing Authority (DHA) weren't blind to the possibility of a cyberattack.
In fact, staff had taken steps in 2021 to address the organization's cybersecurity vulnerabilities, said Jim DiPaolo, DHA's deputy CFO. But in September 2021, disaster struck—DHA was completely locked out of the files and systems it relies on due to a ransomware attack.
"We had a fairly good business continuity plan," DiPaolo said during a June 2022 interview with HAI Group. "We were backing up our systems, and felt that we had a fairly strong [cybersecurity] program that wasn't going to be open to this type of threat."