The Community Opportunity to Purchase Act (COPA), which would give some tenants and community groups pathways to bid early on certain buildings that go up for sale, finally has support…
“If New York City truly values affordable housing, it must also value the economic sustainability of the buildings and small owners providing that housing.”
“This is not a debate about rescuing landlords. It is about preventing avoidable deterioration in housing that remains essential to the city’s economic and social fabric.”
"The combination of tightening rents and diminished safety net programs has precipitated a slow but accelerating deterioration of this 'naturally occurring' affordable housing."
A rent-stabilized building in the Bronx. (Photo…
"It is antisocial to systematically underfund the management and upkeep of affordable housing. Buildings deteriorate, and health and safety hazards spread, all to the detriment of residents."
(Adi Talwar for…
