Affordable Housing & Community Development Insurance Coverage Checklist
The coverages an affordable housing & community development business may carry — core, prevalent, and situational — why each matters, and the gap most often missed.
Pull out your current policy and check the box next to any coverage you can confirm is already in place — anything unchecked is worth a quick conversation with your advisor. Coverage checklist for community development corporations and affordable housing nonprofits. Priorities reflect typical exposure for this class; confirm against your actual properties, partnerships, and programs.
Tick each coverage you can confirm you carry — anything left unticked is a good question for your next policy review.
| Have it? | Coverage | Why this business needs it | Priority |
|---|---|---|---|
| Property (incl. Business Income / Rents) | Covers buildings and lost rent after a fire or water loss — confirm limits for every property and partnership. | Core | |
| Commercial General Liability | Covers injuries to tenants and visitors, including common areas and playgrounds. | Core | |
| Directors & Officers | Covers board and partnership disputes, including investor and lender claims. | Core | |
| Workers' Compensation | Required by law; maintenance staff face falls, lifting, and tool injuries. | Core | |
| Fair Housing / Discrimination Coverage | Fair housing and accommodation claims are often excluded from general liability. | Prevalent | |
| Umbrella / Excess Liability | Adds limits over GL for serious injuries in multifamily buildings. | Prevalent | |
| Builders Risk | Covers buildings under construction or major rehab. | Prevalent | |
| Crime / Employee Dishonesty | Covers theft of rents, deposits, and grant funds. | Prevalent | |
| Tax Credit Recapture | Pays when LIHTC credits are lost or recaptured after a covered loss or compliance failure. | Situational | |
| Professional Liability (Developer / Manager) | Covers errors in development, property management, or compliance services. | Situational | |
| Abuse & Molestation | Needed for youth programs and supportive housing. | Situational | |
| Cyber / Privacy Liability | Covers tenant income and Social Security records. | Situational |
The coverage gap most often missed
The gap most often missed by affordable housing organizations is fair housing and habitability claims. Standard general liability often excludes discrimination, accommodation, and many tenant-condition claims, yet tenants regularly sue over broken locks, pests, and repairs — one Portland nonprofit was sued over door locks broken for a year. Tax credit properties add a second gap: lost or recaptured credits after a fire. Confirm fair housing coverage, track repairs to completion, and review recapture coverage for LIHTC properties.
Send us the checklist and we'll review your affordable housing & community development coverage line by line, then market it across multiple carriers that compete for your account.
Related: Affordable Housing & Community Development Insurance · Affordable Housing & Community Development Supplemental (apply) · All coverage checklists
Frequently asked questions
What insurance does an affordable housing & community development business need?
The core coverages for an affordable housing & community development business are Property (incl. Business Income / Rents), Commercial General Liability, Directors & Officers, Workers' Compensation. This checklist also lists the prevalent and situational coverages worth considering, with a plain-English note on why each matters.
Is this checklist insurance advice?
No. It is a free educational tool to help you have a more informed conversation with a licensed professional. It affords no coverage and is not insurance, legal, or financial advice — only your actual policy language governs what is and isn't covered.
Can Cory Washington & Co. review my affordable housing & community development coverage?
Yes. Share your checklist and we'll review your program line by line, market your account across multiple carriers, and explain the trade-offs in plain English. Cory Washington & Co. LLC is licensed in all 50 states.
This checklist is a free educational tool from Cory Washington & Co. to help you review your own coverage and have a more informed conversation with a licensed insurance professional. It is general information only — not insurance, legal, or financial advice, and not a recommendation to buy, change, or cancel any policy. Coverage terms, availability, limits, and requirements vary by policy, carrier, and state, and only the language in your actual policy governs what is and isn’t covered. Checking or leaving blank any item above does not indicate that you are adequately insured or under-insured. Using this checklist does not create a client, agency, or fiduciary relationship. Always consult a licensed professional about your specific situation.