Angelenos deserve an opportunity!
What is the Tenant Opportunity to Purchase Act (TOPA)?
The Tenant Opportunity to Purchase Act - or TOPA - is a proposed law that would grant existing tenants in unincorporated areas of LA County the first opportunity to buy the rental property they live in, only if and when the owner decides to sell. As potential buyers under TOPA, tenants will have the chance to make competitive, market-rate offers and potentially own their building by partnering with tenant associations or community land trusts for technical assistance with financing and the acquisition process. This policy aims to preserve naturally occurring affordable housing, reduce displacement, and create pathways for ownership for Black and Brown communities.
This policy does not require the owner to sell below market rate nor does it require the owner to sell to the tenants. TOPA only requires that existing tenants be given a chance to be considered as potential buyers and make a fair market offer.
Angelenos just want an opportunity!
With TOPA, we can…
+ Prevent the displacement of low-income communities of color;
+ Create permanently affordable housing;
+ Create pathways for tenants to become owners;
+ Reduce the burden of rent and stabilize housing for existing tenants;
+ Give tenants choice and decision-making power regarding housing;
+ Protect housing from speculative investment by keeping them in
democratic residential control.
Angelenos just want an opportunity - a Tenant Opportunity to Purchase Act
Time to take action.
Endorse TOPA 4 LA.
Sign the petition.
Add your name to the growing movement of community members who are rejecting corporate control of their neighborhoods, who are demanding permanently affordable housing for all, and are fighting to increase democratic co-ownership of our neighborhoods.
Support our work.
Follow our socials. Share our page with your friends. Email us comments and questions. Check out our calendar for upcoming events. Support our ongoing work to democratizing community development, converting tenants into owners, and decommodifying housing.
