the skyrocketing cost of property insurance

How High Home Insurance Costs Threaten Affordable Housing

Developers and landlords of subsidized housing, who cannot raise rents
or charge more for starter homes, say property insurance increases
could put them out of business.

For the poorest Americans, finding an apartment to rent or a home to
buy often means tapping into a vast network of nonprofit groups that
use public and charitable funds to rehab or build affordable housing.
Over the past year, the skyrocketing cost of property insurance has
put that network on shaky ground.

In Houston, hundreds of apartments once protected from rising rents
are being sold off to landlords who can charge the full market rate.
In Selma, Ala., insurance premiums are keeping even heavily subsidized
homes out of buyers'reach. In Kingsville, Texas, a planned affordable
housing development was scrapped entirely.

Costs are rising for homeowners of all types, and in states like
Florida, Texas and California, it has become harder to get insurance
at all. The industry says bigger, more frequent storms, along with
increased home prices and material and labor costs, are forcing them
to raise premiums or stop writing policies.

https://www.nytimes.com/2024/08/25/business/home-insurance-costs-affordable-housing.html

Not relevant in all US States....