- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
New York City passes COPA Act-NGOs & Government get right of 1st refusal on 4+ unit homes
Posted on 12/30/25 at 7:03 pm
Posted on 12/30/25 at 7:03 pm
The Community Opportunity to Purchase Act, or COPA, sponsored by Council Member Sandy Nurse now requires owners of certain distressed multifamily buildings (any building with over 4 units in it to notify the Department of Housing Preservation and Development before listing, giving qualified nonprofits 25 to 90 days to make offers and a right of first refusal.
What is really awesome about this is the unintended consequences of such a proposal--what is the unintended consequence you ask? Well non-profits do not pay property taxes in New York City so they are taking those buildings off of the tax assessors' role and that money will need to be made up by increased property taxes on the others who pay taxes.
What is really awesome about this is the unintended consequences of such a proposal--what is the unintended consequence you ask? Well non-profits do not pay property taxes in New York City so they are taking those buildings off of the tax assessors' role and that money will need to be made up by increased property taxes on the others who pay taxes.
Loading Twitter/X Embed...
If tweet fails to load, click here. This post was edited on 12/30/25 at 7:04 pm
7
Posted on 12/30/25 at 7:07 pm to MrLSU
quote:
What is really awesome about this is the unintended consequences of such a proposal--what is the unintended consequence you ask? Well non-profits do not pay property taxes in New York City so they are taking those buildings off of the tax assessors' role and that money will need to be made up by increased property taxes on the others who pay taxes.
Kicking communism into overdrive.
Posted on 12/30/25 at 7:10 pm to TerryDawg03
How many Somali operated non-profits are there in NYC making obscene profits?
Posted on 12/30/25 at 7:16 pm to MrLSU
Sometimes you can’t tell the people, you have to show them…
Posted on 12/30/25 at 7:22 pm to MrLSU
Man that is really bad. This thing flew under the radar compared to some of the other shot going on but this sets an incredibly bad precedent. NY is on a sprint to the bottom.
Posted on 12/30/25 at 7:28 pm to MrLSU
Some property owners will take them to court on this and win.
Posted on 12/30/25 at 7:29 pm to Purple Spoon
Not only not pay taxes but once they own they have to spend taxpayer money to keep them up. And will likely give low or no rent to people who already don’t pay taxes and the city will pay for rent subsidy with taxpayer money.
Posted on 12/30/25 at 7:32 pm to MrLSU
Posted on 12/30/25 at 8:04 pm to MrLSU
SFP will be along shortly to let us know how this a good thing; probably.
Posted on 12/30/25 at 8:06 pm to MrLSU
You'd think we'd have at least one judge to strike this down as unconstitutional.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News