Rental Insurance Suggested To Protect Low-Income Families Against Loss of Income, Other Shocks

摘要

Low-income families could benefit from a rental insurance program operated by HUD or private insurers that would pay most or all of their rent for a few months after they experience a major shock, such as a loss of income, a major health issue, or a divorce, said Brendan O'Flaherty, a Columbia University economics professor, in the latest issue of Cityscape, a HUD research publication. Rental insurance would complement, rather than replace, existing HUD housing programs, and would also help low-income families who do not have subsidized housing, according to O'Flaherty.