A 7828 New York Assembly · 2025 Regular Session

Creates an affordable housing insurance relief fund program

Summary

Creates an affordable housing insurance relief fund program to provide grants to eligible projects for reasonable and necessary commercial insurance expenses.

Issues: ✓ Housing

Bill status in committee 1 of 4 stages cleared

Introduction

Apr 2025

Committee Review

Floor Vote

Governor

Introduced Apr 11, 2025 Last action Jan 7, 2026

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What changed between versions

A7828 → A7828A · 4 edits

MODERATE

The bill was amended to significantly increase funding limits and clarify eligibility criteria for an affordable housing insurance relief fund. The changes allow for higher per-unit and per-project grants, introduce specific definitions for commercial insurance expenses, and adjust the prioritization rules to focus on projects facing documented insurance cost increases rather than just those unable to obtain coverage.

Scope change

The bill's scope expanded to include higher financial assistance caps and a broader definition of eligible expenses, shifting the focus from helping developers who cannot get insurance to supporting those facing steep premium increases.

FISCAL

Increased the maximum grant per unit from $250 to $3,000 and the total project cap from $1 million to $2 million per calendar year.

DEFINITION

Added a new definition for 'commercial insurance expenses' to explicitly include premiums for property damage, liability, and umbrella coverage.

ELIGIBILITY

Revised program criteria to presume applicants have insurance coverage, removing the requirement that inability to obtain insurance be a prerequisite for eligibility.

REQUIREMENT

Updated prioritization rules to favor projects with documented evidence of significant insurance premium increases or loss of carrier availability.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jan 7, 2026

Committee

REFERRED TO HOUSING

lower

May 6, 2025

Lower · Passed

PRINT NUMBER 7828A

lower

May 6, 2025

Lower · Passed

AMEND AND RECOMMIT TO HOUSING

lower

Apr 11, 2025

Committee

REFERRED TO HOUSING

lower

1 primary · 6 co-sponsors