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Senate housing committee advances TOPA bill after members flag 45‑day response window
Summary
The Senate Standing Committee on Housing, Construction and Community Development voted to report S401, a bill to create a tenant opportunity to purchase, to the Judiciary Committee while members and cosponsors raised concerns that the bill’s 45‑day response window may be too short for tenants to organize and secure financing.
The Senate Standing Committee on Housing, Construction and Community Development voted to report S401 — a bill to amend the Real Property Actions and Proceedings Law to establish a tenant opportunity to purchase (TOPA) — to the Judiciary Committee during a February 2025 committee meeting.
Committee members said the bill would mark a major step toward giving tenants a statutory right to be offered the chance to buy their building before sale. Lawmakers…
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