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What is a Tenant Opportunity to Purchase Act (TOPA)? TOPA is a policy that gives renters options to secure their housing when the property they live in goes on sale, and helps to permanently preserve affordable housing. Here’s how it works: Could TOPA be right for your town? Would you like to learn more? Visit ebclc.org/TOPA ONE: The owner of a rental property decides to sell. TWO: Tenants decide collectively: purchase the property together or offer the rights to an affordable housing developer. THREE: Either way, the city and supportive organizations help tenants find funding and provide technical assistance. FOUR: The property becomes permanently affordable for future generations. 3 2 1 4

What is a Tenant Opportunity to Purchase Act (TOPA)?ebclc.org/wp-content/uploads/2020/07/EBCLC_TOPA_Graphics_FNL.… · TOPA is a policy that gives renters options to secure their

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Page 1: What is a Tenant Opportunity to Purchase Act (TOPA)?ebclc.org/wp-content/uploads/2020/07/EBCLC_TOPA_Graphics_FNL.… · TOPA is a policy that gives renters options to secure their

What is a Tenant Opportunity to Purchase Act (TOPA)?TOPA is a policy that gives renters options to secure their housing when the property they live in goes on sale, and helps to permanently preserve affordable housing. Here’s how it works:

Could TOPA be right for your town? Would you like to learn more? Visit ebclc.org/TOPA

ONE: The owner of a rental property decides to sell.

TWO: Tenants decide

collectively: purchase the property together or offer the rights to

an affordable housing developer.

THREE: Either way, the

city and supportive organizations help

tenants find funding and provide technical

assistance.

FOUR: The property

becomes permanently affordable for

future generations.

321 4