Resolve creating a special commission on affordable housing insurance
This bill establishes a 10-member special commission to develop rules for insurance companies setting rates on two types of housing: properties with affordability restrictions (like rent-controlled units) and properties where tenants use housing vouchers. The commission, including housing advocates, industry representatives, and agency heads, must create a framework for these rates and report its findings to key legislative committees by December 31, 2026. It directly affects insurance companies and the affordable housing sector by targeting how insurance costs are determined for these specific properties. The bill itself does not change current law but creates a process for potential future policy recommendations.
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1 primary · 2 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
John Keenan
DDemocratic
Co
Steve Owens
DDemocratic
Co
Vanna Howard
DDemocratic
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