Mamdani Signs Law Giving Nonprofits First Dibs to Buy Distressed NYC Properties

New York Post

Mayor Zohran Mamdani signed a controversial law Tuesday that gives nonprofits first dibs at buying distressed residential buildings in the Big Apple.

Hizzoner put his John Hancock on the Community Opportunity to Purchase Act — only the second bill he’s signed in the 11 months since he took office — after the City Council quietly resurrected a watered-down version of the bill last month.

The “COPA” law will affect about 2,100 properties across the five boroughs, officials said at a Brooklyn news conference outside a Cypress Hills housing development.

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