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Insurance premiums on rent-stabilized buildings nearly doubled in five years. Mamdani wants $100 million to cut them by 20 percent

NYC's Mamdani administration is launching a $100M insurance program for rent-stabilized buildings, aiming to cut premiums by at least 20 percent by 2027.

Insurance premiums on rent-stabilized buildings nearly doubled in five years. Mamdani wants $100 million to cut them by 20 percent

NYC's Mamdani administration is launching a $100M insurance program for rent-stabilized buildings, aiming to cut premiums by at least 20 percent by 2027.

The Mamdani administration opened a formal search last week for an insurance company to operate a new city-backed program for rent-stabilized buildings, issuing a request for information on June 24, according to reporting by The City, republished by Brownstoner.

The Economic Development Corporation published the request alongside the Department of Housing Preservation and Development and the Housing Development Corporation. The EDC will invest $100 million over three years to…

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Filed underaffordable housing / Brooklyn / Bushwick / Economic Development Corporation / Insurance / Rent Guidelines Board / Rent-Stabilized / Zohran Mamdani

Bushwick Daily News Desk. Neighborhood news, politics, real estate, and business coverage produced by the Bushwick Daily newsroom.

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Neighborhood news, politics, real estate, and business coverage produced by the Bushwick Daily newsroom.

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