RFI for Affordable Housing Insurance Program Service

The government authority located in New York is seeking information to establish an affordable housing insurance program service. The agency is trying to solve the problem of rising and volatile insurance costs for affordable and rent-stabilized housing. The goal is to achieve sustained property and liability premium reductions of twenty percent or more for participating properties while improving premium stability over time. The scope of work requires delivering insurance products that meet or exceed minimum coverage requirements and fit the operating realities of affordable housing. The program must reduce loss frequency and severity through actuarially justified risk mitigation and loss control investments. The governance structure must ensure commercial sustainability, insulate the program from external pressure to depart from actuarially sound practices, and adhere to long-term policy objectives. The agency requires an investment structure that supports long-term financial sustainability and accepts co-investment from aligned private investors. The program must establish operational and governance practices that allow it to maintain and expand coverage at scale without ongoing public subsidy. All performance of the work will take place offsite. Only onshore organizations based in the United States are eligible to participate. Bidders must submit all questions no later than July 10, 2026. A pre-bid meeting will take place on July 3, 2026. The agency is looking for proposals to determine the budget for this program. Bidders can submit their responses either digitally via email or online, or physically via courier or post.