Community Opportunity To Purchase Act
Community Opportunity To Purchase Act
Community Opportunity To Purchase Act
Grants a right of first offer to qualified nonprofits for the purchase of certain multi-family residential properties at market prices, within a reasonable period of time to promote the creation and preservation of affordable rental housing.
Grants a right of first offer to qualified nonprofits for the purchase of certain multi-family residential properties at market prices, within a reasonable period of time to promote the creation and preservation of affordable rental housing.
Residential real property: sale of rental properties: right of first offer.
Revises oversight of "Community Wealth Preservation Program" and requirements for nonprofit community development corporations.
Residential real property: sale of rental properties: right of first offer.