Mamdani gives nonprofits first shot at thousands of NYC apartment buildings

Factcheck: Mayor Mamdani signed COPA on Nov 10, 2026. It gives HPD-certified nonprofits first chance to bid on certain distressed 4+ unit multifamily buildings (or those with HPD affordability rules)—roughly 2,100-3,400 properties. Owners must notify; nonprofits get a ~145-day window to offer plus a 1-year matching right. Owners can reject and then sell on the open market. Effective Nov 2027. Not a ban on free-market sales.

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