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COPA Heads to NYC Council | Real Estate News
New York City’s Community Opportunity to Purchase Act is poised to pass, giving nonprofits a first chance to buy struggling buildings — a move revived after a veto and now backed by enough Council support to ensure success, with tweaked timelines to speed things up. Inspired by similar programs in Chicago, D.C., and San Francisco, COPA sparks debate over whether it slows real estate deals or protects affordable housing — a critical issue as advocates rally outside City Hall, arguing preservation matters more than new construction. Meanwhile, carbon credit debates and mixed findings on…
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