Dossier
Housing Development Corporation
Coverage of Housing Development Corporation in the Nexus archive.
- Search Begins for Operator of City-Backed Insurance With $100M in Public Funds
The Mamdani administration is seeking an operator for a city-backed insurance program aimed at reducing property and liability insurance costs for rent-stabilized buildings. The program, funded with $100 million over three years, targets a 20% premium reduction and plans to cover 20,000 apartments by 2027, expanding to 100,000 by 2030.