Real Estate

Protecting affordable housing.

Specialized insurance and risk management for the owners, developers, and operators building and preserving affordable communities — so when the future arrives, you’re ready.

100% OF EMPLOYEE ARE OWNERS

Aligned with your long-term interests—never a one-time transaction.

MULTIFAMILY SPECIALISTS

A dedicated real estate practice fluent in multifamily and affordable housing.

COMPLIANCE-FLUENT

We speak LIHTC, HUD, Section 8, lender and investor requirements.

A Resourceful Partnership

Affordable housing carries risk most brokers don’t see. Aging and rehabilitated stock, regulatory agreements, lender and investor mandates, tenant-related exposures, and a hard multifamily market all converge on a single deal. IMA helps you see around corners — pairing our risk profile with deep program knowledge to protect your assets, satisfy your covenants, and lower your total cost of risk.

Property

Replacement-cost valuation, ordinance or law, and equipment breakdown — with custom IMA policy forms for tax credit recapture

General & Excess Liability

Multifamily GL with assault & battery and abuse/molestation considerations, layered to meet HAP-contract and lender limit requirements.

Builder’s Risk & Course of Construction

New development, substantial rehab, and Year-15 recapitalizations — including soft costs and delay (DSU/ALOP).

Management & Executive Liability Liability

D&O for nonprofit sponsors, GP/LP entities, and boards; EPL, fiduciary, and crime to protect reserves and HAP funds.

Environmental & Pollution

Lead, mold, and asbestos exposures in legacy and rehab portfolios, plus site pollution liability.

Tenant Discrimination & Fair Housing

Defense for FHA, source-of-income, and related claims that multifamily owners increasingly face.

Cyber & Workers’ Compensation

Protection for resident data and payment systems, and coverage for on-site management and maintenance staff.

Surety Bonds

Guarantee the performance, payment, and compliance of affordable projects – providing financial assurance to public agencies, investors, and developers.

What to Know
About Surety

Surety bonds play an important role in affordable housing development, helping protect project stakeholders, support contractual obligations and provide confidence that construction will be completed as planned. With affordable housing projects often involving multiple funding sources, regulatory requirements and project partners, the right surety strategy can help keep projects moving forward.

IMA’s surety specialists understand the unique considerations surrounding affordable housing development and construction. We work with developers, general contractors and other project stakeholders to evaluate bonding requirements, build surety capacity and structure programs that support both individual projects and long-term development goals.

Our experience and knowledgeable associates can assist you with:

  • Bid and final bond delivery
  • Bond form and contract analysis
  • Contractor and subcontractor financial review
  • Confirmation of financing and project funding
  • Prime contractor and subcontractor investigations
  • Proposals and submissions to underwriters
  • Review and negotiation of surety programs
  • Owner and contractor investigations

With access to major and specialty surety markets, IMA can help navigate the bonding requirements associated with affordable housing projects of varying size and complexity. Our experienced advisors work closely with clients, contractors, lenders and surety partners to anticipate challenges, evaluate project-specific requirements and help deliver responsive surety solutions throughout the development lifecycle.

Who We Serve

  • LIHTC owners & syndicators
  • HUD / Section 8 operators
  • Public housing authorities
  • Nonprofit & mission-driven sponsors
  • Preservation & rehab projects
  • 4% & 9% credit deals
  • Working class communities

Why IMA

Specialists, Not Generalists

A focused multifamily team that knows affordable housing structures cold.

Built-in Compliance

Contract review and certificate compliance to satisfy lenders and investors.

IMA Risk Profile

We leverage all the things you do well as an operator to tell the best story to the insurance market. With the options already thin, our process is paramount in reaching the best possible outcome.

Advocacy When it Counts

Dedicated claims advocacy from first notice through resolution.

250,000+

AFFORDABLE UNITS INSURED

$10 Billion

IN ANNUAL PREMIUMS

2,900+

DEDICATED ASSOCIATES

50+ YEARS

EMPLOYEE-OWNED

96%

CLIENT RETENTION RATE