Outgoing Mayor Eric Adams on Wednesday vetoed the Community Opportunity to Purchase Act, or COPA, a measure derided by landlord groups as an unconstitutional intrusion into private deals, according to The Real Deal. He also vetoed 18 other bills, including three that create new rules for city-financed housing. In doing so, Adams both shot down a measure favored by the incoming mayor while also halting bills that the Mayor-elect’s allies believe would hurt Zohran Mamdani’s housing agenda. It will be up to the next City Council and presumed Speaker Julie Menin to try to override these vetoes, though it’s unclear if members will elect to do so. Most of the housing bills were passed by a supermajority of the Council, with the exception of COPA, which was approved with 30 votes. Notably, Menin was one of eight members who abstained from voting on COPA. In a statement, Menin said the Council is considering its “next steps.” “Rather than working collaboratively with the Council, the Adams administration has too often sidelined the legislative process,” Menin said in a statement. “For years, agencies failed to provide basic data, commissioners skipped hearings, and meaningful negotiations were pushed to the last minute.” Soon after the announcement, real estate groups celebrated the vetoes. Real Estate Board of New York President Jim Whelan said the mayor’s action “prevented our housing supply crisis from worsening and the cost of housing from becoming even more unaffordable.” Ann Korchak, of the Small Property Owners of New York, said that “sanity prevailed.”
https://therealdeal.com/new-york/2025/12/31/eric-adams-vetoes-copa/
No comments:
Post a Comment