COPA gives industry fresh crisis heading into 2026

The City Council closed out its final meeting by approving a sweeping housing package that reshapes the economics of city-backed development and hands the next administration a deeply altered policy landscape.  Lawmakers signed off on COPA, new affordability and unit-mix mandates and a construction wage floor, despite warnings from the Adams administration and housing groups that the measures could reduce production and spook investment. The most immediate impact is financial. HPD estimates a trio of bills would require roughly $600 million more per year to maintain current housing output, or force the city to finance 3,275 fewer units annually if […] This article originally appeared on The Real Deal. Click here to read the full story.