Daily Market Updates: NY City Council Passes Bill Giving Nonprofits First Dibs on Distressed Apartment Properties

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NY City Council Passes Bill Giving Nonprofits First Dibs on Distressed Apartment Properties

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The New York City Council on Thursday passed the Community Option to Purchase Act (COPA), which gives nonprofit groups a 90-day window to potentially acquire distressed apartment buildings after they’re put up for sale. The measure now goes to Mayor Zohran Mamdani, who has signaled his approval in recent months. An earlier version of the ... The post NY City Council Passes Bill Giving Nonprofits First Dibs on Distressed Apartment Properties appeared first on Connect CRE .

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ConnectCRENY City Council Passes Bill Giving Nonprofits First Dibs on Distressed Apartment Properties

Real Estate

NY City Council Passes Bill Giving Nonprofits First Dibs on Distressed Apartment Properties

More like this

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