Establishes the insurance and housing task force

This bill establishes a 13-member insurance and housing task force in New York to address rising insurance costs for affordable housing. The task force, co-chaired by the Superintendent of Financial Services and the Commissioner of Homes and Community Renewal, will assess insurance availability, pricing, and coverage barriers for affordable and multifamily housing owners and developers. It will evaluate reinsurance, claim trends, and market barriers, then recommend specific statutory, regulatory, or program changes within 18 months. The task force expires after three years and will publish interim and final reports with actionable recommendations to improve insurance access for this housing sector.