The rise in premiums has less to do with the threat of extreme weather and more to do with the very nature of the business: providing housing for people exiting homelessness.
Higher interest rates and insurance costs make building low-income and supportive housing more costly — especially in California, home to 28% of the U.S. homeless population.
Lawmakers will unveil bipartisan legislation on Thursday that would give federal dollars to overnight parking programs for people living in their vehicles.