Fresnans deserve an opportunity to purchase.
Why does Fresno need a Tenant Opportunity to Purchase Act?
• STABILITY-Allows people to grow roots in their neighborhoods
• ANTI-DISPLACEMENT -More opportunities for current tenants to stay in place
• FAIRNESS-Recognizes investment made by current tenants to their home
• EQUITY = Generational Wealth. Promotes homeownership in marginalized communities.
What is TOPA?
TOPA = Tenant Opportunity to Purchase Act
TOPA endows the “first right of offer” and “first right of refusal” to existing tenants when a property owner decides to sell.
Specifically, the act protects low-income tenants by giving them priority purchasing rights if and when a landlord puts their property up for sale.
“TOPA has been a critical tool for enabling tenants to create housing cooperatives and condominiums, as well as preserving affordable rental housing…For over 40 years, TOPA has benefitted thousands of DC families."
— Elin Zurbrigg (“How DC Can Leverage the Tenant Right to Purchase to Achieve Housing Justice,” Nonprofit Quarterly, 26 Oct. 2022) on TOPA in the District of Columbia