NYC Revives COPA Bill Targeting Distressed Multifamily

New York City lawmakers are making another push to pass the Community Opportunity to Purchase Act, reviving one of the city’s most closely watched housing proposals after a failed attempt less than six months ago, reports Bisnow. The revised COPA bill, introduced May 14 with support from 22 City Council members, would give nonprofits the first opportunity to purchase certain multifamily properties before they can be sold to other buyers. Read on to learn more: Link

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