The governor also says he will likely tap into the state’s “rainy day” reserve to draw down hundreds of millions of dollars to balance the state budget.
The analysis, “Who Pays for Climate Disasters?,” reveals a system in retreat, leaving residents vulnerable as private insurers abandon markets and shift costs to the public.
When outside demand is effectively infinite, deed restrictions that focus on creating a diverse resident-owner base across multiple housing types—rather than just capping prices—do more to shift the market toward locals than any single “affordable” building will.