Distinguished Programs Group
Contact Us
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Distinguished Programs Group
Contact Us
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Affordable Housing Insurance

Property and liability insurance designed for multi-family government subsidized housing

The Affordable Housing Program is designed specifically for the needs of low-to-moderate income, privately-owned, multi-family housing where more than 20% of the rental income is government subsidized. Public housing, Hope VI, homeless shelters and boarding houses are not eligible.

Distinguished Programs is one of the few companies familiar and comfortable with affordable housing risks. We understand the industry, how the government financing works and the type of governmental oversight incorporated. You get to work with underwriters that know and like writing this business.

Key advantages:

  • Business income covers loss of both rents and government subsidies
  • Senior housing is eligible
  • Properties with social services are eligible (except for drug-rehab services)
  • Easy renewal process
  • Electronic policy delivery

Eligibility:

  • Risk territory: all states except AK, FL, HI, LA, and TX.
  • Size: 4 – 250 units (sweet spot is 100 units and under)
  • Classes: apartment building and co-operatives
  • Construction: joisted masonry or better
  • TIV to $40 million
  • Stories: up to 40

U.S. States Available

  • U.S. States Available:
  • Provider Type:
    Managing General Agency
  • Carriers:
  • Keyword Tags:

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LOCATION

1180 Ave of the Americas, 16th Floor
New York, NY 10036
888-355-4626
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Distinguished Programs Group has other insurance programs like Builders Risk Insurance .