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New York City Economic Development Corporation·New York

Consultant Services, Outside Counsel for Affordable Housing Insurance Program RFP

Closes 11/16/2026$500k – $2MRequest for Proposal
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Description

New York City Economic Development Corporation (NYCEDC) seeks qualified law firms or attorneys to serve as outside counsel for its newly‑created Affordable Housing Insurance Program. The selected consultant will advise NYCEDC (and, when required, other city agencies) on tax, insurance, corporate governance, and public‑finance matters related to structuring, capital investment, and ongoing program governance. The engagement supports a $100 million, three‑year funding infusion aimed at reducing property and liability insurance costs for affordable and rent‑stabilized housing. • Provide legal advice on program design, financing, and insurance‑related transactions. • Represent NYCEDC in negotiations and possible litigation concerning the program. • Deliver strategic counsel to ensure financial solvency, self‑sustainability, and compliance with city, state, and federal regulations. • Must submit a detailed M/WBE participation plan and meet standard RFP requirements.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Hugo Job

[email protected]

(212) 618-5462

Key dates

Opened
10/23/2026
Questions due
11/2/2026
Closes
11/16/2026
Duration
3 years

Last updated

Details

Type
Request for Proposal
Industry
Legal Services
NAICS
541110
Solicitation №
PIN#11960

Budget estimate

$500,000 – $2,000,000

The solicitation does not disclose a fee schedule. Based on the $100 million program size, the complexity of insurance‑and‑public‑finance legal work, and typical rates for high‑caliber law firms in New York City, a reasonable estimate ranges from roughly $0.5 million to $2 million for the three‑year engagement. Factors influencing the final amount include the scope of services, number of attorneys assigned, and any performance‑based incentives.

AI estimate from the solicitation

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