New York Affordable Housing Market About to be “Captivated” by New Enterprise

Publication: Insurance Advocate

A Vermont-based captive insurer has targeted New York’s  affordable rental housing market at a time of that sector’s stress in availability and pricing..

The Milford Street Association Captive Insurance Co. will serve New York affordable rental buildings that have a regulatory agreement limiting rents and receive public financing, exclusively.

Founding members of the Milford Street Association include Peter Davis, J Cubed Residential; Susan Camerata, Wavecrest Management; John Crotty, J Cubed Residential; Ruben Diaz, former City Councilor and state Assembly member; Nicole Ferreira, nonprofit mortgage lender CPC Mortgage; and John Murphy, private equity investment Murphy & Partners.

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