New York City Council Passes Bill to Help Nonprofits Buy Affordable Housing
In short
- The Community Opportunity to Purchase Act passed the City Council on its second attempt in 12 months.
- Nonprofits and community land trusts get a window to buy eligible buildings before they are sold on the open market.
- The Department of Housing Preservation estimates roughly 2,100 properties would currently qualify.
Why the Good News Desk likes this one
The revised bill offers a shorter purchase window and narrower eligibility than the version Mayor Eric Adams vetoed in December 2025. Developers and landlord groups opposed it, and it was not brought to a vote until after those changes were made. Mayor Zohran Mamdani is widely expected to sign it, but at the time of reporting it was not yet law.
From Next City
NYC Council Member Sandy Nurse (center) was the Community Opportunity to Purchase Act's lead sponsor. (Photo by William Alatriste / NYC Council Media Unit) Welcome back to The Weekly Wrap , our Friday roundup of stories that explain the problems oppressing people in cities and elevate the solutions that bring us closer to economic, environmental, and social justice. If you enjoy this newsletter, share it with a friend or colleague and tell them to subscribe . ‘Community Opportunity to Purchase’ Nears Victory in New York City On Thursday, New York City Council voted to pass the Community...
