By
Errol Louis,
a columnist for New York Magazine
and the longtime host of “Inside City Hall” on Spectrum News NY1.
Mayor Zohran Mamdani needs to make some big changes before moving forward with the City Council’s well-intentioned but flawed effort to steer more distressed housing into the hands of nonprofit building managers. The Community Opportunity to Purchase Act, part of a batch of bills vetoed by ex-mayor Eric Adams on his final day in office, has been reintroduced and will likely come up for a vote later this year — but it will need guardrails to keep swindlers and bunglers from making the city’s housing crisis even worse.
