With one week to go, the City Council is considering a number of bills feared by multifamily owners and developers. As of this writing, a newly amended version of the Community Opportunity to Purchase Act is expected to drop Wednesday. Keep an eye out for our coverage on what that entails. A version of the measure released last week gave nonprofits or private firms that team up with nonprofits first dibs on buying distressed multifamily properties with four or more units. Those changes did not win over the bill’s critics. Wednesday was the last day for bills to be finalized […]
This article originally appeared on The Real Deal. Click here to read the full story.