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Advocates: NYC Needs More Money, New Model to Meet Housing Crisis

6 Comments

  • nyc101
    Posted June 26, 2020 at 10:23 am

    ‘…the first is a City Council bill, the Community Opportunity to Purchase Act (COPA), introduced by Rivera, that will give qualified entities such as non-profit affordable housing developers, Community Land Trusts and other organizations a right of first refusal whenever landlords decide to sell apartment buildings or property…
    ***UNCONSTITUTIONAL**

    ‘…the Tenant Opportunity to Purchase Act (TOPA), being drafted by Senator Zellnor Myrie of Brooklyn, that would give tenant associations the first opportunity to purchase a property for sale…’
    ***UNCONSTITUTIONAL**

    You can’t force the owner of a private property to offer that property to a person or entity that the owner isn’t interested in selling to.

  • TOM
    Posted June 26, 2020 at 9:31 pm

    I got an idea: Pay all City bills as they come in and when there is no more money don’t pay any more.

    It’s an idea. I didn’t say it was great.

  • Roger Hernandez, Jr.
    Posted July 3, 2020 at 2:34 pm

    I live in a Mitcgell Llama hiusung cooperative that is self managed with NYCHPD oversight. I own shares and help to self manage the M&O expenses. My rent is affordable and services are secured. It has worked for 60 years. When I move or die I will not benefit from my coop shares appreciation- the Coop does. I theoretically get what I put in for it so the next household can benefit at an affordable buy in. It is the only responsible coop model that I could afford and I feel safe and warm in it.
    I hope everyone can benefit from this model and a Communuty Land Trust may offer that opportunity if move out profitability is contained. I thought the TIL program would offer low income affordability but that got thwarted by tenant opportunistic greed and NYC mismanagement- what a wasted plan. I have my faith in CLT Model and support the wonderful visionaries behind it!

    • nyc101
      Posted July 6, 2020 at 2:46 pm

      How does the co-op pay for maintenance and repairs on 60+ year-old buildings? Those expenses only go up every year. I own a 60-year old 1-family house which occasionally needs work, so I can imagine what maintenance and repairs on a large apartment complex must be like.

  • John Smith
    Posted July 13, 2020 at 7:59 am

    Nothing about actually building more housing – what a shocker.

    • Taurean Lewis
      Posted December 17, 2020 at 10:13 pm

      In response to your statement, in a low income community where there is an abundance of vacant land, the city owns most of it. CLT’s are a model to not only preserve the affordability of existing units but also to develop new sustainability affordable units after acquiring the land from the city. It’s a long process. COPA is an opportunity to preserve affordability while preventing an increase in the homeless population as well as affording communities to take ownership of where they live.

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