"A report from the city's Housing Department recommends that the city does not develop an opportunity-to-purchase act program, also known as OPA, "at this time," but continue to monitor conditions that might make it more feasible in the future. One issue is that city employees have too much other work to spend time developing an OPA program. But some members of a city housing advisory committee have said it would be better to move forward with OPA now, while it has political support."
"Under a typical OPA program, tenants are notified when the building they're living in goes up for sale. They then have the first shot at buying it themselves. Nonprofit groups or the city can also make an offer. If the seller rejects those offers, the parties would have a chance to meet an offer that the seller accepts from a third-party buyer."
Mountain View City Council will consider steps toward a Community Ownership Action Plan aimed at preventing displacement of residents living in rent-controlled housing. The Housing Department recommends not developing an opportunity-to-purchase act (OPA) program at this time but to monitor conditions for future feasibility, citing limited staff capacity. Some housing advisory committee members favor moving forward while political support exists. Under OPA, tenants and nonprofits or the city could get the first opportunity to buy buildings for sale, with the option to match third-party offers. The council will review guiding principles and consider grant and loan programs. Over the past decade about 1,000 rent-controlled units have been lost to demolition or redevelopment.
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