Mamdani Replaces the Free Market with Communism in Housing

Mayor Zohran Mamdani replaced the free market with communism under a new law, COPA. Entrepreneur Joseph Hernandez explains this well:

What is COPA?

NYC’s new law gives city-chosen groups first dibs on certain [allegedly] run-down apartment buildings.

Owners have to wait about three months before they can sell to anyone else.

Who gets first dibs?

Housing groups in East New York, East Harlem, and the Bronx, along with Fifth Avenue Committee, MHANY, and Banana Kelly. [All very, very far-left]

Who foots the bill?

You do, of course! That’s up to $380,000 per apartment, plus tax breaks and waived fees.

If these groups want the buildings, let them bid like everyone else. The free market built America and New York over 250 years. COPA pushes out the private sector and puts government in its place. That’s communism. Full stop.

Go Deeper

The Bill to Demand Leftists Have First Shot at Buying Properties.

Additionally, New York City Mayor Zohran signed a bill that gives NGOs, nonprofits, tenants, and other leftist organizations first dibs on buying properties for sale. The organizations are far-left, and this is a first step in taking the capitalist city down. It’s amazing how easy it has been.

The Community Opportunity to Purchase Act (COPA) gives “qualified nonprofits and community groups the first opportunity to purchase certain multifamily buildings before they hit the private market,” according to a press release from the mayor’s office.

According to the press release, under the legislation, “the Department of Housing Preservation and Development (HPD) will maintain a list of ‘qualified entities,’ vetted nonprofits, tenant groups, community land trusts and other mission-driven organizations.”

These qualified organizations would be granted “an exclusive 145-day window to complete the purchase” after a building “is put up for sale.” The press release further explains:

Under COPA, the Department of Housing Preservation and Development (HPD) will maintain a list of “qualified entities,” vetted nonprofits, tenant groups, community land trusts, and other mission-driven organizations with demonstrated experience acquiring, preserving, and managing affordable housing.

This is the theft of property. It’s communism, not socialism, anti-constitutional, and un-American. Send the Ugandan back home. He is only here to destroy America.