What happens when sky high insurance costs meets charity at the corner of Captured Regulator Blvd and Price Gouging Way? Easy, affordable houses go unused. AP reporter Sheila Byrd has the story for the Sun Herald along with quotes from our own Captured Regulator Mike Chaney who admits insurance rates have gone up and stayed up, despite his earlier proclamations on that subject. (No word yet if he has bothered to reply to the United Poloicyholders Inquiry – somehow I doubt it.) Belated H/T to Editilla at the Ladder.
In four states along the hurricane-ravaged Gulf Coast, Habitat for Humanity came with a mission to build hundreds of homes during a spring blitz so people pushed into poverty after Katrina would have the chance to own a home.
Many of the dozens of completed houses in Texas, Louisiana and Alabama are occupied or will soon be dedicated. But not in Mississippi, where only six of the 30 homes are filled. Continue reading “Insurance and Affordable Housing: Habitat Homes Going Unused on the Coast”