Contract Opportunities · Economic Development Corporation (EDC)
Consultant Services, Outside Counsel for Affordable Housing Insurance Program RFP
| Agency | Economic Development Corporation (EDC) |
| Solicitation Number | 11960 |
| Notice Type | |
| NAICS | |
| Set-Aside | |
| Place Of Performance | New York, NY |
| Posted | Oct 23, 2026 |
| Source | Economic Development Corporation (EDC) — via City Record Online |
| Response Deadline | Nov 16, 2026 9 days left as of Nov 7, 2026 |
| Time Left | 9 days left as of 2026-11-07 |
| Official Notice | View On Economic Development Corporation (EDC) — via City Record Online |
About this opportunity
New York City Economic Development Corporation (“NYCEDC” or “EDC”) invites law firms and lawyers to submit proposals for the provision of outside legal counsel services in connection with NYCEDC’s structuring and operating of an affordable housing insurance program (the “Program”) to reduce property and liability insurance costs for income-restricted affordable and rent-stabilized housing in New York City. NYCEDC anticipates committing, on behalf of the City of New York (“the City”), up to $100 million over a three-year period as a one-time funding infusion to launch and sustain the Program. NYCEDC's threshold expectations for this Program are as follows: the Program must deliver policy outcomes over the long run while remaining financially solvent and self-sustaining, and the City's funding must, at a minimum, be preserved, with a preference for structures that generate a financial return. The Program is expected to operate indefinitely as part of the City’s affordable housing new construction and preservation system. The Program seeks to ease costs for a population of income-restricted and rent-stabilized buildings which in large part have existing legal or contractual relationships with the New York City Housing Preservation and Development (“NYCHPD” or “HDC”) and the New York City Housing Development Corporation (“NYCHDC” or “HDC”). As lenders and regulators to many of these buildings, HPD and HDC monitor their financial and physical performance and act as key partners in
Listing data from Economic Development Corporation (EDC) — via City Record Online, the official portal. Verify every solicitation on its official listing before bidding.