What is AHRP?

Affordable Housing Risk Pool (AHRP) is designed specifically for tax credit partnerships, affiliated nonprofits, and nonprofit affordable housing owners in Oregon, Washington, Nevada and California.

The principle of “pooling” utilized by AHRP is to place your affordable housing into a volume purchase of individual property and casualty insurance policies from AM Best rated insurance companies; we engage Princeton Excess & Surplus Insurance (A+ XV) and Hartford Steam Boiler (A+ XV). We incorporate similar operations into a combined group to purchase insurance coverages at a reduced cost. Each client receives their own limits and insurance policy.

AHRP has experienced risk management and claims handling experts on staff who provide ongoing policyholder support. These professionals practice hands on involvement in order to protect your property and casualty ownership and management exposures.

AHRP, as a subsidiary of Housing Authorities Risk Retention Pool (HARRP), is provided the experience of a successfully operated “insurance coverage administration”. Since 1987, HARRP’s service to housing authorities is well known in the four western states. The aim now is to reach out with this experience to the affordable housing sector with AHRP’s expanded service and provide the affordable housing industry the same low cost coverage techniques that government entities have enjoyed for decades.

Who Can Benefit?

Affordable housing entities that are created and established in a variety of entity types can benefit from the AHRP program. AHRP was specifically designed for nonprofits and tax credit partnerships. Housing Authorities will often have affiliated nonprofits or partnerships which cannot be included in the HARRP program but are eligible to be enrolled in AHRP. The AHRP program will also accommodate unaffiliated affordable housing entities.

Why consider AHRP?

Standard insurance markets do not enjoy the stabilized rates offered by risk pools which specialize in a specific niche. Risk pools also offer consistency of claims management and risk management theory to your particular industry. AHRP is backed by Munich affiliated insurance entities and is AM Best rated. Your placement will be with similar entities and similar housing claims; AHRP does not offer coverages to housing entities outside Washington, Oregon, California and Nevada.

Community & Affiliations

Our headquarters are in Clark County, Washington. We travel frequently to learn about our members to assist in the development of community life. We insure properties all along the west coast. Our staff members are involved locally and regionally via trade associations that are focused on homelessness, risk management, claims and mitigation.

What people are saying about the AHRP program

Molly Rogers, Asset Management, Home Forward, Portland, Oregon – For many years, Home Forward has had the good fortune of receiving property and liability coverage for our public housing properties through the Housing Authority Risk Retention Pool (HARRP).  We were excited to learn of the initiation of the Affordable Housing Risk Pool (AHRP) and have moved a number of our tax credit and affordable properties to AHRP to take advantage of lower premium costs and coverage that is tailored to affordable housing needs.

Scott Foster, Executive Director, Housing Authority of Jackson County, Medford, Oregon – We insured…451 units with AHRP (with) an overall savings of $24,371 from our previous cost… In addition to the dollar value, the process was seamless and your staff was a pleasure to work with.  Our questions were answered promptly and clearly.  Binders and other documentation were provided at warp speed. We look forward to adding other properties to be insured with AHRP in the future.

Renee Rooker, Executive Director, Walla Walla Housing Authority, Walla Walla, Washington – Totally unbelievable! The Affordable Housing Risk Pool provided savings on our property insurance that has allowed us to increase services to our tenants and provide for a healthier bottom line. All of this and incredible customer service.

Terry Frazier, Management Analyst, Salem Housing Authority, Salem, Oregon – I have worked with HARRP for 28 years. As housing authorities evolved, so did HARRP. I was excited to hear years ago that they were expanding to cover these additional housing authority properties through the creation of AHRP and ORWACA. My experience with HARRP/ AHRP/ ORWACA has always been first rate. They have been consistently financially competitive and always provided excellent, professional service. In times of volatile insurance premiums, they have been life savers.

Rob Pearson, Executive Director/ CEO, Housing Authority of the City of Santa Barbara, Santa Barbara, California – Professional, polite and genuinely helpful and informative! The AHRP team has served us well with our Low Income Housing Tax Credit portfolio.  They have provided us both great service and savings on our insurance needs.  I offer a hearty recommendation for AHRP when it comes to meeting ones affordable housing insurance needs and suggest that you ask AHRP for a quote when your insurance renewal time comes around.

Jodi Erickson, Asset Manager, Willamette Neighborhood Housing Services, Corvallis, Oregon – …as a new(er) AHRP policyholder…I just want to say how good the AHRP rates are… I would also add that having Al and Gil on staff and so close by and willing to teach about insurance coverage and risk management to anyone open to having them come do it in person, is a great amenity to having AHRP/ HARRP coverage… Your staff is great and their willingness to help explain a boring and dense subject (like insurance or risk management) is unsurpassed.