Community Option to Purchase Act
SOMCAN stands in full support of the Community Opportunity to Purchase Act (COPA) legislation that would allow qualified nonprofit organizations to more easily purchase multi-unit residential buildings in San Francisco. Authored by Supervisor Sandra Lee Fewer in close collaboration with local housing rights groups, COPA gives nonprofits the right of first offer to buy a building when it enters the real estate market, and the opportunity to match the final offer before a sale is completed. This makes it easier for nonprofits to acquire rent-controlled buildings and permanently stabilize tenants who are at risk of eviction or displacement.
Please call and email the San Francisco Board of Supervisors to demand the passage of COPA! For more information, email email@example.com.