Mayor Zohran Mamdani signed legislation Tuesday giving nonprofit housing organizations the first opportunity to purchase certain distressed and affordable apartment buildings — ending a six-year legislative fight that survived a veto by former Mayor Eric Adams and months of negotiations with the real estate industry.
The Community Opportunity to Purchase Act, or COPA, was signed during a ceremony at Chestnut Commons in East New York, Brooklyn, alongside Council Member Sandy Nurse, who sponsored the measure, and housing advocates who spent years pushing for its passage.
