City Council majority approves of COPA(Takings clause?)

qchron ^ | Dec 24, 2025 | Naeisha Rose,

[Vendome]

The Council approved the Community Opportunity to Purchase Act, legislation that would allow community land trusts to purchase properties before they go for sale on the open market, 31 to 10.

Ann Korchak, board president of Small Property Owners of New York... “COPA will make New York City an affordable housing wasteland and trigger the extinction of small owners,” said Korchak in a statement. “This government-engineered, socialist scheme sanctions politically-connected, nonprofit housing slumlords and predatory developers to snatch private property ...”

[Vendome]

San Fransicko did this as well.....

[ClearCase_guy]

“You will own nothing. And you will be happy.”

Well ... someone is going to be happy. Because they will own everything.

[Vendome]

Councilwoman Vickie Paladino didn’t mince words. She flat-out warned this is theft by policy. She called it “ridiculous and shameful” — and she’s right. Her message was crystal clear: If you own a home — whether it’s a two-family, three-family, or four-family — it’s YOUR property.

You earned it. You own it.

You should be able to sell it to whoever you choose.

Instead, this law forces homeowners to:

• Go through city bureaucrats

• Wait six months

• Give nonprofits first dibs

• And ask permission to sell what they already own That’s not regulation.

That’s government overreach on steroids. Paladino called it exactly what it is:  “Maniacal.” She said no homeowner who worked their entire life to buy property should be told they must offer it to a nonprofit first — while their neighbor across the street could’ve bought it outright.

Her closing line hit hard: Everyone supporting this should be embarrassed. This isn’t housing policy. This is the government inserting itself between you and your property.

[BenLurkin]

Just more openings for kickbacks and graft. The Democrat Party thrives on this kind of corruption.

[Repeal The 17th]

“...allow community land trusts to purchase properties
before they go for sale on the open market...”
-
Not sure how this works...

How do you know a property is for sale
before it goes on the open market?

Are the property owners required to take the offer?
Can’t they just say “no”?

[Angelino97]

Her message was crystal clear: If you own a home — whether it’s a two-family, three-family, or four-family — it’s YOUR property.

COPA only applies to four-family or higher homes.

So New Yorkers still own one, two, and three-family homes.

[SuperLuminal]

That’s like saying you can be stabbed, legally, but only with a 4-inch blade...

[vikingd00d]

>>Not sure how this works...
>>How do you know a property is for sale
>>before it goes on the open market?
>>Are the property owners required to take the offer?
>>Can’t they just say “no”?

As I understand it...

Owner’s have to notify all the “qualified entities” registered with the city’s public housing department before it goes to the open market, then wait weeks or so for them to send letters of intent. then 80 days or more of delays for the entities to submit an offer, which if countered triggers another 30 day delay. if they reject the offer, then the entity has the right to match any offer the owner gets in the open market for a year and steal the property from the buyer.

[vikingd00d]

>>COPA only applies to four-family or higher homes.

For now. After a year HPD gets to redefine the houses covered under the law however they want (which will likely be “all”).