Tenants will suffer again under City Council’s outrageous plan for apartment buildings
The New York City Council is considering a bill that would allow nonprofits preferential treatment in purchasing apartment buildings. Critics argue that this plan could undermine private property rights and lead to a decline in housing quality. Proponents claim it will help maintain affordable housing, but past experiences suggest it may have the opposite effect.
- ▪The Community Right to Purchase Act would force owners to sell to nonprofits if they match private offers.
- ▪Critics warn that the bill could deter investment and lead to poorer housing conditions.
- ▪Previous attempts to implement similar laws in other cities have resulted in delays and a weaker housing market.
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Opinion Tenants will suffer again under City Council’s outrageous plan for apartment buildings By Adam Lehodey Published May 26, 2026, 6:00 a.m. ET Supporters say the bill will keep housing "affordable" and "rooted in community control." Getty Images See more of our coverage in your search results. Add The New York Post on Google 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.
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