COPA Revived: Focused on Affordable Housing

COPA Bill Revived: Faster Process, Targeted Application The Community Opportunity to Purchase Act (COPA) is back, with Council member Sandy Nurse introducing a revised version. This bill gives nonprofits and certified groups a chance to buy certain apartment buildings when they hit the market. The new bill aims to be more focused and apply to fewer deals, addressing concerns raised by the citys Law Department. It shortens timelines for potential buyers and caps extensions, applying to buildings with four or more units that meet specific distress criteria. The revised legislation is expected to pass by the end of the year, with a public hearing scheduled for this fall. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/f7d31c5946ad8f49