Consultant Services, Outside Counsel for Affordable Housing Insurance Program RFP

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 anticipates that outside counsel services will include advising on, and providing representation of NYCEDC (and when requested, governmental agencies) on various aspects of tax, insurance, corporate governance and public finance law related matters including, but not limited to, the structuring of the Program, the investment of the capital, and the ongoing governance of the Program.

Detailed submission guidelines and requirements are outlined in the RFP, available as of Friday, October 23, 2026. To download a copy of the solicitation documents please visit https://edc.nyc/rfps.

**RESPONSES ARE DUE NO LATER THAN 4PM on Monday, November 16, 2026.** Please click the link in the “Deadlines” section of this project’s web page (which can be found on https://edc.nyc/rfps) to electronically upload a proposal for this solicitation. Please upload your response as a **.zip file** with your company name and the title of this project.

NYCEDC plans to select a consultant on the basis of factors stated in the RFP which include, but are not limited to: the quality of the proposal, experience of key staff identified in the proposal, experience and quality of any subcontractors proposed, demonstrated successful experience in performing services similar to those encompassed in the RFP, and the proposed fee.

This project has Minority and Women Owned Business Enterprise (“M/WBE”) participation goals, and all respondents will be **required** to submit an M/WBE Participation Proposal with their response.