COPA’s Hidden Risks for Nonprofits

A new bill, the Community Opportunity to Purchase Act, aims to let nonprofits buy distressed apartments first—but critics warn it could invite corruption. While nonprofits are mission-driven, they’re still businesses that can pay salaries and contracts, raising fears public funds might be misused. Past scandals show nonprofits aren’t immune to abuse, even with oversight. The city vows to vet applicants, but history suggests temptation grows with public money—and the real test is whether the law actually leads to deals—or just more subsidies and risk. 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/3281e1967c365815