Summary
The New York City Economic Development Corporation (NYCEDC), in coordination with the NYC Department of Housing Preservation and Development (NYCHPD) and the NYC Housing Development Corporation (NYCHDC), is issuing this Request for Expressions of Interest (RFEI) on behalf of the City of New York. The RFEI solicits industry proposals from insurance brokers, carriers, third-party administrators, and other entities for structuring and operating an insurance program to reduce property and liability insurance costs for income-restricted affordable and rent-stabilized housing in New York City. NYCEDC anticipates committing up to $100 million over a three-year period as a one-time funding infusion, with responses due by 4:00 PM ET on August 6, 2026.