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Document Type: | General |
Publish Date: | 2022 |
Primary Author: | Rhino |
Edited By: | Saba Bilquis |
Published By: | Rhino |
America today is facing an unprecedented housing crisis. Millions of our neighbors are confronting rising rent costs, a shortage of affordable housing, and potential eviction. We cannot wait to find solutions to this problem we must act now.
At Rhino, we are working to address these issues by building products that provide Americans greater financial flexibility, ensure property owners are protected and remove barriers to obtaining quality housing. By allowing renters to replace their security deposit with insurance, Rhino is helping to unlock more than $45 billion of cash sitting in escrow accounts in order to put those funds back into the economy, allowing Americans to pay off debt, save for emergencies, or invest in their retirement. However, for all that we have accomplished, we recognize there is so much more that we can and should do.
In an effort to find practical, effective, and real solutions to these issues, Rhino has brought together leaders from across the public and private sectors to discuss sustainable solutions to the housing affordability crisis. To this end, in the summer of 2020 Rhino launched the Rhino Housing Innovation Council with the participation of executives, industry leaders, and policymakers to explore pragmatic solutions to these issues. With the partnership of top-50 multifamily operators and the mayors of cities like Dayton, Ohio, Richmond, Virginia & Tolleson, Arizona, Rhino’s Innovation Council provides the forum for discussion and thought leadership that is so desperately needed today