Boston: City Council supports tenant's first right of refusal

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This Docket would provide tenants in large multifamily buildings with the right of first refusal and the right of first offer when an owner intends to sell or when a foreclosure or short sale begins, and would allow for tenants to match a third party offer.

Tenants would be able to designate their opportunity to purchase to non-profits or successor entities such as housing cooperatives, and in the case of a short sale or foreclosure, the tenants' association could designate their opportunity to purchase to a variety of groups, including CDCs, local housing authorities, nonprofits, municipalities, or the Commonwealth, who would maintain the property as permanently affordable.stats

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