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TOPA
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BK Reader: Tenants Rally in Brooklyn for First Rights to Buy Building
BK Reader — Tenants, housing advocates and elected officials rallied outside a South Slope apartment building on April 26 to call for the passage of the Tenant Opportunity to Purchase Act, or TOPA, which would give renters the first chance to purchase their buildings when landlords put them up for sale.
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Putting CLTs on the Map, Public Banking Push, Fighting Debt-Trap Apps, and More!
New Economy Project is digging deep with coalition allies across New York—fighting back against federal attacks and advancing bold, systems-changing solutions rooted in racial and economic justice.
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Brick Underground: Could a Proposed Bill to Help New York Tenants Buy Their Building Finally Become Law?
Brick Underground — Many New York City renters dream of one day owning an apartment—but what if you and your neighbors had an opportunity to buy your rental building?
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Finger Lakes 1: NYS Bill Gives Tenants a Chance to Buy Their Apartment Building
Finger Lakes 1 — The Tenant Opportunity to Purchase Act would give tenants the first chance to buy their building if the owner decides to sell it. Renters could then work with community land trusts on the ownership model they want to have.
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Testimony Before NYS Joint Legislative Budget Hearing on the Tenant Opportunity to Purchase Act (TOPA)
We urge the legislature to pass the Tenant Opportunity to Purchase (TOPA) Act in the state budget, along with an annual appropriation of $250 million to fund TOPA acquisitions and technical assistance. TOPA (S.401) would give tenants a first opportunity to collectively buy their building when a landlord sells, in order to stabilize and preserve…
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Elected Officials and Housing Groups Rally at Capitol for Tenant Opportunity to Purchase Act and $250 Million in Budget
With private equity firms driving up home prices and eroding New York’s affordable housing stock, elected officials and housing groups held a rally and press conference at the New York State Capitol on Tuesday to call on the Governor and Legislature to pass the Tenant Opportunity to Purchase Act (TOPA) and allocate $250 million in the state…
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Brick Underground: What is A Community Land Trust? How Does it Help Low-Income Buyers?
“TOPA will give tenants and community land trusts a powerful tool to take land and housing off the speculative market and expand the supply of deeply affordable, community-controlled housing in Black and brown neighborhoods,” said Chelsea Diaz, a Skadden Legal Fellow at New Economy Project.
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Nearly 70 Tenant and Community Groups Urge Albany to Pass Tenant Opportunity to Purchase Act in State Budget
Nearly 70 tenant and community groups from across New York State delivered a letter to Senate Majority Leader Andrea Stewart-Cousins and Assembly Speaker Carl Heastie, urging them to include the Tenant Opportunity to Purchase Act (S401) in this year’s state budget—along with $250 million annually to support its implementation.
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Finger Lakes 1: Tenant Groups Push for Stronger Housing Protections in New York Budget
Finger Lakes 1 — Nearly 70 tenant and community groups across New York State are calling on state lawmakers to pass the Tenant Opportunity to Purchase Act (TOPA) and allocate $250 million annually to support its implementation, arguing that stronger measures are needed to prevent corporate takeovers of rental housing.
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Amsterdam News: AM Mitaynes makes another push to pass TOPA housing law
The Tenant Opportunity to Purchase Act (TOPA) is a solution to maintaining affordable housing stock amid a housing crisis throughout the state, advocates say. The act gives tenants the chance to make an offer on a building before a landlord sells to an outside party.