California SB1388 establishes an Affordable Housing Risk Reduction Program to aid providers in mitigating insurance risks.
California SB1388 establishes the Affordable Housing Risk Reduction Program to provide technical assistance and supportive resources to affordable housing providers. The program aims to help these providers mitigate risks in their portfolios and secure more affordable insurance options. Administered by the Department of Housing and Community Development, it includes analyzing risks, implementing risk mitigation measures, and assisting with joining alternative risk financing entities.
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- Core Provisions
- Implementation
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- Legal Framework
- Critical Issues
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