COPA Makes a Comeback, And What Else Happened This Week in Housing

COPA Makes a Comeback, And What Else Happened This Week in Housing

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COPA Is Back: Council Revives Bill To Give Housing Groups First Dibs On Some Buildings

The Community Opportunity to Purchase Act is back on the table less than six months after it was vetoed by then-Mayor Eric Adams — in a less dramatic form.  A new version of the controversial bill was introduced Thursday with the backing of 22 New York City Council members. The legislation would give certain nonprofits first dibs to purchase multifamily properties that hit the market or receive an offer.