Establishes the "tenant opportunity to purchase act" to prevent tenant displacement and preserve affordable housing.

The Tenant Opportunity to Purchase Act aims to prevent the displacement of middle and lower-income tenants in New York and preserve affordable housing by providing tenants an opportunity to own or remain renters in their properties. It mandates that owners offer tenants, tenant organizations, and qualified purchasers the right of first refusal to purchase rental housing accommodations before selling to third-party purchasers. Tenants and organizations can assign their rights to qualified purchasers.

Establishes the "tenant opportunity to purchase act" to prevent tenant displacement and preserve affordable housing.

The Tenant Opportunity to Purchase Act aims to prevent the displacement of middle and lower-income tenants in New York and preserve affordable housing by providing tenants an opportunity to own or remain renters in their properties. It mandates that owners offer tenants, tenant organizations, and qualified purchasers the right of first refusal to purchase rental housing accommodations before selling to third-party purchasers. Tenants and organizations can assign their rights to qualified purchasers.