Affordable Housing Study

The Office of Insurance Commissioner (OIC) is seeking a contractor to study how nonprofit organizations and government entities that sponsor permanently affordable homeownership projects may utilize different insurance coverage options and approaches to reduce project costs related to condominium construction defect liability while maintaining commensurate access to insurance coverage. The contractor will be responsible for collecting and analyzing data, producing an actuarial analysis, and providing policy recommendations. The contract is expected to begin on April 1, 2026, and end on December 31, 2026, with the possibility of a one-year extension. • The contractor will be required to submit a final report to the OIC by December 14, 2026. • The contractor will be required to provide status reports to the OIC at least every two weeks. • The contractor will be required to consult with sponsors, authorized and unauthorized insurers, and relevant state associations. • The contractor will be required to maintain the confidentiality of data requested for the purpose of complying with the study and reporting requirements.