---
type: "Bill"
title: "Provides for a study to examine the increasing costs of insurance premiums and the lack of availability of insurance coverage for affordable housing"
description: "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."
jurisdiction: "us/states/ny"
legislature: "New York Legislature"
session: "2021-2022"
identifier: "S 5231"
citation: "New York S 5231 (2021-2022)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["KAVANAGH"]
version_count: 1
action_count: 14
vote_count: 3
first_action: "2021-02-26"
last_action: "2021-12-22"
source: "openstates"
source_identifier: "ocd-bill/90d1bf11-1ea8-45dc-97be-b3fc9b649ff3"
source_url: "http://www.nysenate.gov/legislation/bills/2021/S5231"
source_hash: "baa125b25c21348b90b7258a56407d007151f0413a3b496306abf85dcbcd22f0"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ny"]
---

# New York S 5231 (2021-2022) — Provides for a study to examine the increasing costs of insurance premiums and the lack of availability of insurance coverage for affordable housing

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.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **S5231** (committee substitute) — [source](http://assembly.state.ny.us/leg/?sh=printbill&bn=S5231&term=2021&Text=Y)

## Votes

- Floor Vote — **63–0** (pass) · upper
- Assembly Vote — **146–1** (pass) · lower
- Insurance Vote — **11–0** (pass) · upper

## Sponsors

- KAVANAGH — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2021-02-26** REFERRED TO INSURANCE `referral-committee`
- **2021-04-26** 1ST REPORT CAL.741
- **2021-04-27** 2ND REPORT CAL.
- **2021-04-28** ADVANCED TO THIRD READING
- **2021-05-05** PASSED SENATE `passage`
- **2021-05-05** DELIVERED TO ASSEMBLY
- **2021-05-05** REFERRED TO WAYS AND MEANS `referral-committee`
- **2021-05-25** SUBSTITUTED FOR A5574
- **2021-05-25** ORDERED TO THIRD READING RULES CAL.123
- **2021-05-25** PASSED ASSEMBLY `passage`
- **2021-05-25** RETURNED TO SENATE
- **2021-12-10** DELIVERED TO GOVERNOR `executive-receipt`
- **2021-12-22** SIGNED CHAP.790 `executive-signature`
- **2021-12-22** APPROVAL MEMO.143

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/90d1bf11-1ea8-45dc-97be-b3fc9b649ff3`. Confidence: reported (aggregated from official New York legislature records).