Description
The Maryland Department of Housing & Community Development is seeking a qualified insurance‑consulting firm to conduct a feasibility study for a Deductible Buyback Captive Insurance Program aimed at supporting affordable multifamily housing projects. The study will assess regulatory, financial, and operational aspects of establishing a captive insurance entity, evaluate risk‑transfer benefits, and provide recommendations for implementation, including cost‑benefit analysis and potential funding mechanisms.
• Scope includes market analysis, legal and regulatory review, financial modeling, and implementation roadmap.
• Deliverables: comprehensive feasibility report, executive summary, presentation to agency leadership, and supporting data sets.
• Required expertise: captive insurance, affordable housing finance, risk management, and public‑sector consulting.
• Proposal format: double‑envelope RFP, due November 17 2026 (2:00 PM EST).
• No pre‑bid meeting or site visit; questions must be submitted per RFP instructions (date not specified).