And when we had these meetings with developers, with affordable housing developers specifically, we heard that The cost of insurance has been skyrocketing over the past few years. And so we looked at what the city could do and through the city backed insurance program, we are able to start to reduce those costs. (08:44–08:48)
CLAIM
Asserts that insurance costs have significantly increased in recent years.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
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