Globe St

July 19, 2022

Insurance and Operations Costs Crushing Affordable Seniors Housing

The rising costs of insurance and operations are making it increasingly difficult for developers to provide workforce, affordable housing options for seniors, which could lead to a shortage of such housing in the future. CREI Holdings' managing member Raul Rodriguez, a developer who has been active in building workforce, affordable housing, stated that "no one in the region can afford to build affordable housing anymore." READ MORE