A controversial proposal moving through the New York City Council could reshape how multifamily homes are sold, sparking debate among community advocates and landlords.
The measure known as the Community Opportunity to Purchase Act (COPA), would require that properties with three or more units be offered first to community land trusts before hitting the open market.
Under the bill, trusts would have 60 days to bid, with the city’s Department of Housing Preservation and Development able to extend that window by up to 180 days…