Bid guide
How to bid on the Affordable Housing Insurance Program RFEI from NYCEDC
What the agency is buying and why it matters
The NYC Economic Development Corporation (NYCEDC) is seeking proposals to create and manage an insurance program. This program aims to reduce property and liability insurance costs for income-restricted affordable and rent-stabilized housing across New York City.
The City of New York may invest up to $100 million over three years to launch this program. The goal is for the program to become financially self-sustaining and operate indefinitely, helping to ease costs for a significant portion of the city's affordable housing stock.
Key dates and deadlines
This Request for Expressions of Interest (RFEI) was published on June 24, 2026. An optional information session will be held on July 8, 2026, at 2:00 PM ET, both in-person and virtually. If you wish to attend, you must RSVP by 5:00 PM ET on July 3, 2026.
Questions and requests for clarification are due by 5:00 PM ET on July 10, 2026. Answers to all questions will be posted by July 21, 2026. Responses to the RFEI are due no later than 4:00 PM ET on August 6, 2026.
Who this opportunity suits
This opportunity is suitable for a wide range of firms in the insurance and risk management sectors. This includes insurance brokers, captive managers, insurance carriers and reinsurers, third-party administrators, actuarial and risk advisory firms, program administrators, community development financial institutions (CDFIs), and mutual insurance organizers.
Entities capable of operating at this scale are encouraged to apply. Joint ventures and proposals leveraging existing vehicles or facilities are also welcome. Minority and Women-owned Business Enterprises (M/WBEs) are strongly encouraged to participate.
How to respond
To access the solicitation documents, you need to view the original source of this notice. The full notice contains details on the PIN, pre-bid information, and how to obtain the documents.
All questions should be directed to the listed agency contact. You must submit your response exactly as directed in the notice before the August 6, 2026 deadline.
Tips for a competitive response
Carefully review the RFEI document to understand all requirements and the City's expectations for the program's structure, financial sustainability, and long-term operation. Highlight your experience with similar large-scale insurance programs, especially those involving affordable housing or public-private partnerships.
Clearly articulate how your proposed program will achieve the City's goal of reducing property and liability insurance costs for the target housing population. Detail your financial model to demonstrate how the program will remain self-sustaining and potentially generate a return on the City's initial investment. If applicable, emphasize your M/WBE certification or your plans for M/WBE participation.
See the live bid — deadline, agency details, and how to respond
Dates and requirements can change via addenda; always verify on the bid page and at the original source before responding.
View this bid on BiddingSimpleThis guide was prepared by BiddingSimple from the solicitation’s public posting. It is not official guidance from NYC Economic Development Corporation; the original posting controls.