A study and report on the feasibility of a low-cost and city-sponsored renter’s insurance program

Summary

This proposed legislation would require an office or agency designated by the Mayor to study and report on the feasibility of a low-cost, New York City-sponsored renter’s insurance program. Through this study, the office or agency would be required to explore the establishment of the program by identifying considerations such as potential funding mechanisms and types of coverage, identify the financial impact of the program on the City, and evaluate initiatives the City can undertake to implement the program, including but not limited to public-private partnerships. The office or agency would be required to report on the findings of the study to the Mayor and the Speaker of the Council no later than 1 year after the effective date of this bill. If the office or agency determines that the program is infeasible, the office or agency would have to include a statement explaining the reasons for infeasibility in the report.

Summary from NYC Council (Legistar). How we handle summaries

Where it stands

Assigned to a committee for review.

Committee on Housing and Buildings

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Cosponsors

Full history

1. Feb 12, 2026

   Introduced

   This Introduction was Introduced by Council

   NYC Council

2. Feb 12, 2026

   Referred to committee

   This Introduction was Referred to Comm by Council to the Committee on Housing and Buildings

   NYC Council

Read the record

• Official record (opens in a new tab) The authoritative record on the NYC Council's Legistar.
• Readable version (intro.nyc) (opens in a new tab) An independent, easier-to-read copy of the same bill. Not an official source.