Gives tenants the right to collectively decide the future of their building when it’s up for sale and a tool to more effectively fight for safer and better living conditions.
TOPA would give tenants the right of first refusal if their landlord decides to sell their building. Tenants could buy the building together and own it as a cooperative, turn the building into publicly owned housing, or work with a nonprofit to remain a permanently affordable rental.
The law would also help tenants fight for better conditions in the buildings they currently live in by reducing the incentives for landlords to keep buildings in disrepair to sell them off to the highest buyer.
While rare, tenants in NYC have purchased buildings before, often as a limited equity co-op in collaboration with a nonprofit buyer. TOPA, which already exists in DC and San Francisco, would make such sales more common.
Brooklyn Cooperative Federal Credit Union
Caribbean Equality Project
Catholic Migration Services (CMS)
Center for NYC Neighborhoods
City Wide Tenant Union
City-Wide Tenant Union of Rochester
Community Service Society of New York
Cooper Sq. Community Land Trust
East New York Community Land Trust
El Puente de Williamsburg
Equality for Flatbush (E4F)
For the Many
Genesee Co-op Federal Credit Union
Housing Rights Initiative
New Economy Project
New York City Community Land Initiative (NYCCLI)
New York City Network of Worker Cooperatives
North Star Fund
NOT ONE MORE BLOCK
NWBCCC – Northwest Bronx Community and Clergy Coalition