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Debra Ack beamed with pride as she looked at the two-story brown brick warehouse on Jamaica Avenue in East New York.
A century-old warehouse on Jamaica Avenue is getting a new life as the East Brooklyn Liberation Center, after the East New York Community Land Trust closed on a $2.3 million purchase of the 9,500-square-foot building this year. The two-story structure will house the land trust’s main office, space for local organizations, businesses and worker co-ops,…
Dozens of advocates rallied Aug. 13 near City Hall for “COPA Cabana” — a beach-themed event to urge the passage of a controversial housing bill called the Community Opportunity to Purchase Act — ahead of the New York City Council’s Sept. 9 hearing.
On Thursday, tenants and housing groups gathered outside City Hall to urge Speaker Julie Menin and the New York City Council to pass the Community Opportunity to Purchase Act (COPA). Advocates transformed the plaza into a beach-themed “COPA Cabana,” serving drinks, playing music, and sharing information about how COPA would help preserve affordable housing, prevent…
The Community Opportunity to Purchase Act (COPA) is a bill designed to give qualified non-profits the opportunity to bid on a multi-family apartment building of four or more rental units when a landlord decides to sell. These qualified entities would have 20 days to submit a statement of interest, and then a bona fide offer…
The Community Opportunity to Purchase Act (COPA) has risen from the ashes, and aims to give a boost to nonprofit organizations that promote community ownership—including community land trusts, which allow land to be directly owned by members.
Last month, New York City Council Member Sandy Nurse revived legislation that would allow certain nonprofits and community land trusts a first shot at buying struggling multifamily properties—and this time, the mayor is in favor of the bill.
New York City’s growing community land trust movement will hit a new milestone next month, as the East New York Community Land Trust is set to become the first in city history to purchase a commercial property off the private market.
The empty, worn-down building at 349 East 40th Street in the South Bronx has had many lives.