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HousingPass the Community Opportunity to Purchase Act (COPA)
Legislates a right for qualified nonprofits to purchase residential buildings when landlords put them up for sale.
Date Promised
February 3, 2025
Owner Agency
City Council
Requires State Action
NoLast updated: January 4, 2026
Overview
• The Mamdani administration will work with the City Council to pass the Community Opportunity to Purchase Act, which applies when landlords sell residential multifamily buildings.
• Under COPA, qualified nonprofit buyers are given time to assemble an offer and the ability to match a third-party bid before a sale is finalized.
• The policy is described as being modeled on similar successful legislation in Washington, D.C., and San Francisco.