The City Council on Thursday resurrected a controversial housing bill vetoed by former Mayor Eric Adams, approving a dramatically scaled-back measure that would give nonprofits first crack at buying certain apartment buildings.
The Community Opportunity to Purchase Act, or COPA, passed on Oct. 22 after lawmakers narrowed its reach by nearly 80%, from roughly 10,000 buildings to 2,100, following months of negotiations aimed at addressing legal concerns and opposition from the real estate industry.
