11/24/2025
It was a privilege to speak at the state capital last week about the struggles nonprofit housing and others are having with getting and maintaining property insurance coverage. Thank you to Minnesota Consortium of Community Developers, their members and the taskforce for their dedication to finding long-term solutions for this growing issue facing Minnesotans. Riverton Community Housing
Mary Novak, Executive Director of Riverton Community Housing, testified last week at the Homeowner's and Commercial Property Insurance Task Force meeting.
Mary shared, "As an executive director of a small affordable housing organization, I never anticipated having to spend so much time focused on insurance. But, in an effort to prepare for changes to requirements by insurers, we are constantly trying to improve security at our properties, keep our properties well-maintained and we have a good claims history, but that doesn’t seem to help strengthen our position to maintain affordable insurance coverage."
The Task Force will begin to consider recommendations in the upcoming meetings to strengthen and stabilize property insurance for the affordable housing market. Stay tuned for updates.