Daily Market Updates: The NYC Community Opportunity to Purchase Act Passed , Now What?

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The NYC Community Opportunity to Purchase Act Passed , Now What?

Reported · Written up by our desk · Residential

The New York City Council passed the Community Opportunity to Purchase Act (COPA) on Thursday afternoon after six years of revisions and a mayoral veto. The law, passed 38-9, gives nonprofit organizations , with or without joint venture partners , first dibs on rent-stabilized buildings being sold. It aims to transfer some of the housing […]

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Commercial ObserverThe NYC Community Opportunity to Purchase Act Passed , Now What?

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The NYC Community Opportunity to Purchase Act Passed , Now What?

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