When does the legislation go into effectCOPAwill go into effecton June 3 but the Mayor146s Office of Housing and Community DevelopmentMOHCDwill have 90 days or until September 3to implement the If you ID: 877064
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1 Draft FAQsWhat is Community Opportunity
Draft FAQsWhat is Community Opportunity to Purchase Act (COPA)?The Community Opportunity to Purchase Act, or COPA, is newCity lawthat gives qualified nonprofit organizations the right of first offer and/or therefusal to purchase eligible properties on the market to prevent tenant displacement and createlong . When does the legislation go into effect?COPAwill go into effecton June 3, but the Mayor’s Office of Housing and Community Development(MOHCD)will have 90 days, or until September 3to implement the If you have listed your property but have not entered into contract to sell by September 3, you will berequired to notify qualified nonprofits to provide them with the right of first refusalRight o
2 f first offer If you list your property
f first offer If you list your property for sale on or after September 3, all provisions of COPA will beapplicableincluding, but not limited to,both right of first offer and right of first refusal provisionIf I’m a property owner or broker, howwill I know if my property is subject to the COPA law?Properties that are 3 in the coming weeks for more information. If I am a tenant or tenants’ rights organization interested converting a building to affordable housingwho do I talk to?You cancontact qualified nonprofit once the list is publishedonSeptember 3How do I find out more information about COPA as it gets implemented?Please refer to www.sfmohcd.org in the coming weeksfor more information