"A lot can change in a month."
""Our good faith effort to create a targeted, legally-sound preservation tool was met with a well-funded misinformation campaign from the most powerful real estate interests in the city," Nurse told City Limits in a statement."
Mayor Eric Adams vetoed a social housing bill giving community groups first opportunity to buy certain residential buildings. Mayor Zohran Mamdani supported the bill, and five new council members joined before the override effort. New Speaker Julie Menin, who had abstained on the bill previously, declined to call it for an override vote, ending the immediate chance to pass the measure. Legal concerns and opposition from real estate groups reduced support. The amended bill targeted buildings in physical distress or with expiring affordable-rent requirements and aimed to aid community land trusts and mission-driven buyers.
#community-opportunity-to-purchase-act #housing-preservation #city-council-politics #real-estate-opposition
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