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Posted on 11/10/2026 5:08:44 PM PST by MinorityRepublican
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.
“I am so proud today to sign COPA into law — a historic piece of legislation that will provide vetted community organizations with the right of first opportunity to make an offer on eligible buildings before they go to the open market,” Mamdani told reporters.
The bill was likely to become law even without the mayor’s back after it passed the City Council with a veto-proof 38-9 majority last month with the support of progressives and Council Speaker Julie Menin.
But the mayor actually signing the bill is a rarity in his tenure.
Critics have noted Mamdani has allowed more than 100 other bills to pass “returned unsigned” – a process that allows legislation to become law after four weeks if it sits on Hizzoner’s desk without a veto.
The law has come up multiple times but was called an “attack on private real estate ownership” before it was tweaked in recent weeks, eventually getting buy-in from some real estate groups.
(Excerpt) Read more at nypost.com ...
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From each according to his ability, to each according to his needs.
Ain’t that right Mayor Mamma-damma-ding-dong?
Commie see, commie do.
Dividing the spoils.
It could have been tweaked to be acceptable.
If they had allowed the organizations the right to match the highest offer after the property was listed. I might have supported it.
That sounds like a lyric from a song by Otis Day and the Knights.
WTAF does “first dibs” mean?
You hold an auction and the highest bidder has “first dibs.”
Anything else is theft.
“No state shall...deny to any person within its jurisdiction the equal protection of the law.”
“EQUAL HOUSING OPPORTUNITY”
State and local government can’t favor entities over natural persons of any race.
Some animals are more equal than others.
Ain’t Communism wonderful.
> WTAF does “first dibs” mean? <
I will follow Free Republic tradition, and not read the article. Maybe these nonprofits will be able to buy the properties at their assessed value.
I don’t know what it’s like in New York City. But in my neck of the woods, a property’s assessed value is much lower than it’s actual market value.
Right you are! Selling/giving the properties to non-profits will take the property off the tax rolls.
I am sure you are correct. As we both no, anything but a public auction is theft.
know, not no
They are corporations organized as non-profits
> They are corporations organized as non-profits <
Ah, clever move on their part. I never thought of such a possibility. I guess that’s why I’m still not on the nation’s millionaire list.
I’ve been nonprofit for years but don’t want a run down tenet house in NYC.
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