It’s actually happening

New York passed The "COPA Act” and will force sales of certain personal properties to the government and NGOs

New York Councilwoman Vickie Paladino actually speaks out against it and confirms they will steal homes

“Absolutely ridiculous and shameful,… pic.twitter.com/SzlbuS1V1N

— Wall Street Apes (@WallStreetApes) December 29, 2025

Own a multi family house or building in NYC? Dont plan on selling it to a private party. NYC has just passed the copa act which give approved ngos or govt the 1st right of refusal

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Before taking any action to sell a Covered Property, an owner must deliver a formal notice of intent to sell to HPD and all certified Qualified Entities. Such notice must include detailed ownership information, unit counts, income and expense data, and a deadline of no fewer than 25 days for Qualified Entities to submit a statement of interest.

If no Qualified Entity timely responds, the owner is free to proceed with a sale in the open market. However, if a statement of interest is submitted, the owner is prohibited from marketing or selling the property outside of the COPA process during the statutory review period.

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all offers are rejected, or if a Qualified Entity fails to timely close, the owner may sell the property on the open market to a non-qualified purchaser under COPA,

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This brilliant policy wont go wrong in any way. Its a bold gamble, let's see how it works out.

https://www.coleschotz.com/copa-changes-the-game-for-nyc-multifamily-transactions/

Marxism sucks.

Who?mikejones! said:

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It’s actually happening

New York passed The "COPA Act” and will force sales of certain personal properties to the government and NGOs

New York Councilwoman Vickie Paladino actually speaks out against it and confirms they will steal homes

“Absolutely ridiculous and shameful,… pic.twitter.com/SzlbuS1V1N

— Wall Street Apes (@WallStreetApes) December 29, 2025

Own a multi family house or building in NYC? Dont plan on selling it to a private party. NYC has just passed the copa act which give approved ngos or govt the 1st right of refusal

Quote:

---

Before taking any action to sell a Covered Property, an owner must deliver a formal notice of intent to sell to HPD and all certified Qualified Entities. Such notice must include detailed ownership information, unit counts, income and expense data, and a deadline of no fewer than 25 days for Qualified Entities to submit a statement of interest.

If no Qualified Entity timely responds, the owner is free to proceed with a sale in the open market. However, if a statement of interest is submitted, the owner is prohibited from marketing or selling the property outside of the COPA process during the statutory review period.

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Quote:

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all offers are rejected, or if a Qualified Entity fails to timely close, the owner may sell the property on the open market to a non-qualified purchaser under COPA,

---

This brilliant policy wont go wrong in any way. Its a bold gamble, let's see how it works out.

https://www.coleschotz.com/copa-changes-the-game-for-nyc-multifamily-transactions/

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Can't get socialism in play unless the government owns all the property and means of production...

Destined for scotus.

I would burn the damn thing to the ground and collect insurance before I would do that.

I mean quite literally following the Soviet handbook.

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Soviet housing metrics focused on square meters per person, aiming for a minimum norm (like 9 sq. meters) for eligibility for better housing, with official stats tracking total space and rooms, but often understating actual cramped conditions, especially during early periods, using living space (excluding kitchens/bathrooms) as the key metric. Key terms included "social justice" housing, "Khrushchevkas" (mass housing), and "Stalinkas," with the goal shifting from sheer quantity to improving per-person space.

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I just googled Soviet housing size metric and the above was the AI response. Notice the bolted term.

Dems have not been hiding their intentions for a while. Watched Nuremberg tonight as well. The psychiatrist had a stark warning at the end of the movie that is applicable now and should be heeded.

I predict NYC going full on maga once these idiots are done. At least to the scraps that remain. NYC may soon go the way of Detroit.

They voted for it. Let it burn

****show

I honestly don't understand why common sense adults can't just go in a squash this like a bug.

They are a city, which are subjected to state laws and federal laws. And there is NO NEED to spend unbelievable amounts of city tax money on litigation.

Mandanni and all shoukd be yanked out and shot….

Socialism has been in play for quite some time….this is the next step

And some people claimed Democrats aren't actually communists. LOL.

They way I see it, certain connected individuals will be certified as NGOs. They will be allowed to steal personal property with government backing and effectively become the new slumlords.

edit - Found this. Sounds like Kelo on steroids.

https://www.coleschotz.com/copa-changes-the-game-for-nyc-multifamily-transactions/

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Qualified Entities may include joint ventures between community organizations and private developers, provided the community organization maintains a controlling interest. Upon a sale to a Qualified Entity, HPD and the Department of Finance will be required to waive certain municipal charges, taxes, and fees associated with the transaction.

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Crazy. Housing prima nocta. Texas will need another preemptive amendment preventing this from metastasizing to here.

IslanderAg04 said:

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I predict NYC going full on maga once these idiots are done. At least to the scraps that remain. NYC may soon go the way of Detroit.

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How? They'll continue allowing illegals to vote. Citizens don't matter there any more. Like California, the game is so rigged that normal Americans' votes do not count.

nortex97 said:

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And some people claimed Democrats aren't actually communists. LOL.

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This. One of our resident Dems laughed at me for saying Democrats were pushing communism.

Yet here we are.

Quote:

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Before taking any action to sell a Covered Property, an owner must deliver a formal notice of intent to sell to HPD and all certified Qualified Entities. Such notice must include detailed ownership information, unit counts, income and expense data, and a deadline of no fewer than 25 days for Qualified Entities to submit a statement of interest.

If no Qualified Entity timely responds, the owner is free to proceed with a sale in the open market. However, if a statement of interest is submitted, the owner is prohibited from marketing or selling the property outside of the COPA process during the statutory review period.

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Once a Qualified Entity submits a statement of interest, the parties must enter into a confidentiality agreement, after which the owner is required to provide extensive due diligence materials, including rent rolls, financial statements, inspection reports, litigation history, and harassment findings.

The Qualified Entity then has 80 days, subject to extension by HPD, to submit a bona fide offer. During those 80 days, the owner may not pursue other offers. If an offer is made, the owner has a limited 10-day period to accept, reject, or counter. An acceptance or counteroffer triggers an additional 30-day window to enter into a contact of sale.

If all offers are rejected, or if a Qualified Entity fails to timely close, the owner may sell the property on the open market to a non-qualified purchaser under COPA, subject in certain circumstances, to a right of first refusal.

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If an owner receives an offer it intends to accept from a non-qualified buyer within one year after rejecting a Qualified Entity's offer, the owner must provide notice of that offer to HPD and the Qualified Entity that previously submitted a bona fide offer. The Qualified Entity then has 15 days to elect to match the offer and must close on identical terms. If the Qualified Entity declines or fails to close, the owner's obligations under COPA are satisfied.

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COPA expressly provides Qualified Entities with a private right of action to enforce its provisions. Owners found to have violated COPA may be subject to uncapped civil penalties, injunctive relief, and liability for the Qualified Entity's attorneys' fees and expert costs.

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1. If you want to sell such property, you have to let NYC and its merry group of approved thiev...I mean ngos, know.
2. Then wait for a Qualified Entity to make an offer or not
3. If not, then you can sell it privately...but, if they make an offer and you reject it, but then find a private buyer within the same year, you must let the Qualified Entity match or not

While not confiscation per se, it is socialism wrapped up in a democrat socialist disguise. Qualified Entities are controlled by the govt.