Could a proposed bill to help New York tenants buy their building finally become law?

Could a proposed bill to help New York tenants buy their building finally become law?

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? A New York state bill, the Tenant Opportunity to Purchase Act (TOPA) would make that dream a reality by giving tenant organizations a right to make an offer on their apartment building. But the legislation, first introduced in 2021, has languished in Albany for years without passing. Housing advocates…