Real Estate Legislation

Int. 839-A would replace the expiring pilot with a permanent program and materially expand portfolio-level risk for multifamily owners. The New York City Council approved Int. 839-A on August 13, 2026, setting the stage for a significant and potentially permanent expansion of the Department of Housing Preservation and Development’s Certificate of No Harassment (CONH) program. The bill is currently awaiting mayoral action. If it becomes law, most of its substantive provisions

COPA is intended to give qualified nonprofit and mission-driven organizations an opportunity to acquire certain residential buildings before they are sold to private purchasers. Rather than applying broadly to most multifamily buildings, the new bill generally targets properties the City considers distressed or at risk of losing affordable housing. Even so, some of the proposed eligibility criteria are broad enough that otherwise well-maintained properties could fall within t