Washington, D.C. is one of a few U.S. cities with a law giving tenant associations the first chance to buy their building if it goes up for sale. Next City took a closer look at how the law could be transformative but also difficult to implement.
When I finally decide to move out of my home, I plan on donating it to a community land trust or non-profit housing community. I have no need to sell it and “win” the lottery at the expense of those who come after me.
Washington, D.C. is one of a few U.S. cities with a TOPA law, giving tenant associations the first chance to buy their building if it goes up for sale. The law could be transformative – but a lack of investment has stunted its potential.