Bill
Bill > S05231
NY S05231
NY S05231Directs the department of financial services, in coordination with the division of housing and community renewal, to conduct a study examining the increasing costs of insurance premiums and the lack of availability of insurance coverage for affordable housing developments.
summary
Introduced
02/26/2021
02/26/2021
In Committee
05/05/2021
05/05/2021
Crossed Over
05/25/2021
05/25/2021
Passed
12/10/2021
12/10/2021
Dead
Signed/Enacted/Adopted
12/22/2021
12/22/2021
Introduced Session
2021-2022 General Assembly
Bill Summary
Directs the department of financial services, in coordination with the division of housing and community renewal, to conduct a study examining the increasing costs of insurance premiums and the lack of availability of insurance coverage for affordable housing developments.
AI Summary
This bill directs the New York Department of Financial Services, in coordination with the Division of Housing and Community Renewal, to conduct a study examining the increasing costs of insurance premiums and the lack of availability of insurance coverage for affordable housing developments. The study will analyze the factors driving these issues and their potential impact on affordable housing over the next ten years. The department and division will then prepare a report with findings and recommendations for potential legislative and regulatory actions to address the costs and unavailability of insurance.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (3)
Last Action
APPROVAL MEMO.143 (on 12/22/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/S5231 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S05231&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S05231 |
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