Mamdani signs COPA into law
The Community Opportunity to Purchase Act is now law, after Mayor Zohran Mamdani gave his signature to the bill Tuesday, bringing a six-year legislative battle to its formal conclusion. COPA, which was narrowed down from earlier versions, will allow certain nonprofits and joint ventures the first chance to place an offer for some multifamily buildings that go up for sale, including distressed properties with four or more units and buildings with 100 or fewer units that are subject to affordability agreements managed by the Department of Housing Preservation and Development. When the bill passed in the City Council last month, […]
This article originally appeared on The Real Deal. Click here to read the full story.
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