The Aporia
McCarthy, C., & Fierick, H. (2026, October 22). NYC Council quietly passes bill that forces owners to give nonprofits first dibs on buying their properties for 90 days. New York Post. https://nypost.com/2026/10/22/us-news/nyc-council-quietly-passes-bill-that-forces-owners-to-give-nonprofits-first-dibs-on-buying-their-properties-for-90-days/
McCarthy, Craig, and Hannah Fierick. “NYC Council quietly passes bill that forces owners to give nonprofits first dibs on buying their properties for 90 days.” New York Post, 22 Oct. 2026, https://nypost.com/2026/10/22/us-news/nyc-council-quietly-passes-bill-that-forces-owners-to-give-nonprofits-first-dibs-on-buying-their-properties-for-90-days/.
McCarthy, Craig, and Hannah Fierick. “NYC Council quietly passes bill that forces owners to give nonprofits first dibs on buying their properties for 90 days.” New York Post, October 22, 2026. https://nypost.com/2026/10/22/us-news/nyc-council-quietly-passes-bill-that-forces-owners-to-give-nonprofits-first-dibs-on-buying-their-properties-for-90-days/.
Dated from the outlet's own feed. Check the original for its byline.
On October 22, 2026, the New York City Council quietly passed the "Community Opportunity for Purchase Act" (COPA), a controversial bill that requires property owners to give nonprofits an exclusive opportunity to purchase distressed properties for 90 days before they can be sold on the open market. This revised version of a previous proposal affects fewer than 2,500 NYC buildings, compared to the original bill's scope of over 10,000 buildings. The Real Estate Board of New York (REBNY), which was initially vehemently opposed to COPA, now supports this more targeted and practical version after constructive negotiations with Council Member Sandy Nurse and Speaker Julie Menin. Former Mayor Eric Adams had vetoed the previous bill before leaving office.
The City Council quietly passed a controversial bill that would give nonprofits the first shot at buying up distressed Big Apple properties.