NEW YORK (PIX11) – The New York City Council passed Council Member Sandy Nurse’s Community Opportunity to Purchase Act (COPA) on Thursday, a first-of-its-kind housing law aimed at tackling ...
The mayor thinks the Community Opportunity to Purchase Act is “shortsighted.” That was the term a City Hall spokesperson used to describe the bill, along with various housing bills approved by the ...
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The New York City Council is preparing to end the year by adopting the Community Opportunity to Purchase Act. COPA would represent an unprecedented use of the body’s legislative power to bestow an ...
“New York City has a long history supporting these types of building conversions, often led by tenants and nonprofit organizations. COPA builds on this legacy and lays groundwork for a new generation ...
“To create real opportunities, we need two parties entering negotiations with the same goal in mind—the sale of the building to a non-profit or a direct sale to tenants.” Apartments in East Harlem.
After weeks of panic emanating from New York City’s multifamily industry, the city council has diluted a long-debated housing bill that would give nonprofits a leg up as buyers over free-market ...
A controversial bill that would give nonprofits first dibs to buy multifamily properties will now be less sweeping, but changes to the measure have not won over its fiercest critics. An amended ...
SAP’s National Security Services subsidiary will work with the service branch on migrating more applications and other tech assets to a cloud environment. SAP’s National Security Services subsidiary ...
From the North Bronx to Southeast Queens, our communities are confronting a deepening housing crisis marked by rising costs, displacement and speculation. As New York City Council members representing ...