New York City's Affordable Housing Bill Falls Short of Support, Dies in Council Vote
A bill championed by Mayor Zohran Mamdani that aimed to preserve thousands of apartments as affordable units has been defeated in the New York City Council. The Community Opportunity to Purchase Act would give nonprofits and some private developers first dibs on distressed apartment buildings.
The measure had already won City Council passage in December but failed to secure the 34 votes needed to override former Mayor Eric Adams' veto. The last-ditch effort for the bill's proponents came when supporters were trying to cobble together the necessary 34 votes, only to be met with falling short.
According to senior spokesperson Dora Pekec for Mamdani, the mayor was making calls to Council Members reiterating his support for the legislation and asking for their support of an override. However, it seems that this effort did not pay off as Speaker Julie Menin abstained when the City Council approved COPA in December.
Menin's stance on the bill has been unclear, but Lobel stated that the council would only move to override bills with a supermajority of support. Backers of the legislation have argued that COPA would allow organizations and housing developers to bid on buildings with serious housing code violations or expiring affordability agreements for up to three and a half months before they hit the open market.
The measure's opponents, including real estate industry groups, claim it will increase red tape and ultimately reduce the housing supply. They argue that it would affect just 1% of housing transactions but still impact many thousands of apartments.
Councilmember Sandra Nurse stated that her Progressive Caucus is not backing down despite the failure to pass COPA, saying "The bottom line is this: if we do not have stronger protections to keep working class New Yorkers here, they will continue to leave." Will Spisak from New Economy Project also expressed concerns over gentrifying communities of color and the need for a comprehensive preservation strategy.
However, with just 32 councilmembers now backing the measure, similar to the vote total in December when the bill was adopted in a 31-10 vote, it seems that COPA has fallen short. This bill's defeat is another setback in New York City's ongoing efforts to address its housing crisis.
A bill championed by Mayor Zohran Mamdani that aimed to preserve thousands of apartments as affordable units has been defeated in the New York City Council. The Community Opportunity to Purchase Act would give nonprofits and some private developers first dibs on distressed apartment buildings.
The measure had already won City Council passage in December but failed to secure the 34 votes needed to override former Mayor Eric Adams' veto. The last-ditch effort for the bill's proponents came when supporters were trying to cobble together the necessary 34 votes, only to be met with falling short.
According to senior spokesperson Dora Pekec for Mamdani, the mayor was making calls to Council Members reiterating his support for the legislation and asking for their support of an override. However, it seems that this effort did not pay off as Speaker Julie Menin abstained when the City Council approved COPA in December.
Menin's stance on the bill has been unclear, but Lobel stated that the council would only move to override bills with a supermajority of support. Backers of the legislation have argued that COPA would allow organizations and housing developers to bid on buildings with serious housing code violations or expiring affordability agreements for up to three and a half months before they hit the open market.
The measure's opponents, including real estate industry groups, claim it will increase red tape and ultimately reduce the housing supply. They argue that it would affect just 1% of housing transactions but still impact many thousands of apartments.
Councilmember Sandra Nurse stated that her Progressive Caucus is not backing down despite the failure to pass COPA, saying "The bottom line is this: if we do not have stronger protections to keep working class New Yorkers here, they will continue to leave." Will Spisak from New Economy Project also expressed concerns over gentrifying communities of color and the need for a comprehensive preservation strategy.
However, with just 32 councilmembers now backing the measure, similar to the vote total in December when the bill was adopted in a 31-10 vote, it seems that COPA has fallen short. This bill's defeat is another setback in New York City's ongoing efforts to address its housing crisis.