Community Opportunity to Purchase Act
Coverage of Community Opportunity to Purchase Act in the Nexus archive.
- Supervisors Advance Affordable Housing Purchase Program for Unincorporated Areas
The Los Angeles County Board of Supervisors approved a plan to develop the Community Opportunity to Purchase Act (COPA) program, which prioritizes nonprofit organizations in purchasing residential properties in unincorporated areas to preserve affordable housing before large investors can acquire them.
- LA County wants to put affordable housing groups first in line to buy apartment buildings
LA County supervisors propose a law to notify affordable housing groups when apartment buildings in unincorporated areas are for sale, aiming to prevent corporate landlords from displacing renters. The law would give these groups first dibs on purchasing properties, but landlords can still sell to others if offers are higher. Real estate groups oppose the plan, calling it an unnecessary regulatory burden.
- LA County to Consider Giving Nonprofits First Crack at Altadena-Area Apartment Sales
The Los Angeles County Board of Supervisors will consider a proposal to prioritize nonprofit housing organizations in purchasing apartment buildings and mobile home parks in unincorporated communities like Altadena before they enter the open market. The measure, listed as Item 4 on the July 7 agenda, aims to develop a Community Opportunity to Purchase Act (COPA) ordinance within 180 days.