BUFFALO, N.Y. — City leaders say as many as 6,000 vacant or city-held properties could soon be put up for sale, raising concerns among some officials about whether local residents will have a fair chance to buy them.
Buffalo Common Council Member Rasheed N.C. Wyatt introduced a resolution during Tuesday’s council meeting calling for safeguards as the city prepares for the potential sale of the properties. The measure seeks to ensure residents have greater access to purchase opportunities and to prevent outside investors from acquiring large portions of the inventory.
Wyatt said without clear safeguards, outside investors could end up buying a large share of the properties and urged greater protections and transparency as the process moves forward…