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Tenants will suffer again under City Council’s outrageous plan for apartment buildings

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New York’s City Council is intent on helping nonprofits snap up apartment buildings, whether owners want to sell to them or not.

Last week, leftist Councilwoman Sandy Nurse reintroduced the Community Right to Purchase Act, which would give city-approved groups preferential treatment in the sales of certain apartment buildings — such as by forcing owners to sell to them if they match competing private offers.

Supporters say the bill will keep housing “affordable” and “rooted in community control.”

But this outrageous subversion of private property will only deter investment, damage the city’s housing stock — and fail to make housing more affordable.

Late last year, an earlier version of COPA failed after Mayor Eric Adams vetoed it on his last day in office.

The council wasn’t able to override him, but now it’s taking another bite at the apple.

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One key problem with COPA is the heavy regulatory burden it would impose on owners.

Anyone intending to sell a “covered property” would first have to notify both the city’s Department of Housing Preservation and Development and a list of department-approved nonprofits of the........

© New York Post