Technology Leader Rhino Announces Public Policy Plan to Reduce Housing Costs in America
Summary
Rhino’s policy proposal, developed based on market feedback and in collaboration with a bipartisan assortment of city, state, and federal government officials, will offer Americans an affordable, manageable alternative to burdensome cash security deposits that lock up their limited savings. Government officials have voiced support for principles included in Rhino’s policy proposal: “Security deposits and hefty moving fees should not be a barrier to finding stable housing for families living on the margins. It’s exciting to see new businesses working to find innovative new ways to help families overcome this hurdle.” - Mayor Levar Stoney, Richmond, Virginia “In my opinion, insurance alternatives to cash deposits like Rhino offer a win-win scenario for both landlords and tenants. Instead of locking up precious dollars during the lease term, Rhino’s proposal allows money to be used to pay down student loans, healthcare bills, serve as emergency savings, and offer a path to increased financial empowerment. Business leaders and officials of all political persuasions owe it to Americans to embrace rational, quickly-attainable solutions that will make an immediate economic development impact in cities and states nationwide,” said Ankur Jain, co-founder and chairman of Rhino and CEO of Kairos.