City Will Give Nonprofits a Chance to Buy Dilapidated Apartments

David Brand, housing reporter for Gothamist and WNYC, and David Lebenstein, co-chair of the Not-for-Profit Advisory Group at Cushman and Wakefield, talk about the Community Opportunity to Purchase Act, known as COPA, which the City Council passed and the mayor has said he will sign, that will give nonprofits and tenants groups the first shot at buying distressed buildings.

Photo: A rusty metal fire escape hangs on the facade of a white residential building in Manhattan, New York City. Classic urban architectural details highlight the historic character of the neighborhood. (Denisfilm via Getty Images) 

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