The Tenant Opportunity to Purchase Act (TOPA) is a legislative proposal that could offer a significant shift in the housing market dynamics, particularly for renters.

In the context of Fresno, where the housing market pressures have intensified, a local adaptation of TOPA could provide a lifeline for residents striving to maintain their community ties and achieve housing security.

The key provisions of the Tenant Opportunity to Purchase Act (TOPA) includes giving tenants the first right of refusal to purchase their rented property when their landlord decides to sell it.

This right is often accompanied by a specified timeframe in which tenants can express their interest and secure financing to make the purchase.

Additionally, TOPA usually requires landlords to provide tenants with an "intent to sell" notice, allowing tenants sufficient time to organize and prepare an offer. In some cases, tenants may also have the option to assign their purchasing rights to a third party, such as a non-profit organization or a local housing authority, which can then work towards preserving the affordability of the housing unit.

Furthermore, TOPA policies do not regulate the sales price, ensuring that transactions are conducted at market rates, and often exempt small landlords to protect their interests.

These provisions aim to empower tenants, preserve affordable housing, and stabilize communities by providing a pathway to homeownership for renters.

See a map of adopted and considered TOPAs in the US.

Fresno should consider adopting the Tenant Opportunity to Purchase Act (TOPA) for several compelling reasons.

TOPA can serve as a crucial tool in preserving affordable housing and preventing the displacement of residents during periods of property turnover, which is particularly relevant in the post-COVID economy. It offers tenants the right to purchase their homes before the property is sold to new owners, thereby stabilizing neighborhoods and maintaining community cohesion.

TOPA can be instrumental in areas facing market-driven speculation, providing tenants with a fair chance to buy properties, especially against outside investors.

This act also supports racial and economic diversity by enabling low-income and working-class residents to negotiate for outcomes that benefit their communities, such as maintaining affordable rent levels and securing public funding for long-term affordability.

TOPA policies, when paired with resources for tenant organizing, legal assistance, and affordable financing, can significantly enhance tenants' ability to acquire and maintain their properties.

Cities adopt the Tenant Opportunity to Purchase Act (TOPA) through legislative processes that involve city councils or state legislatures.

This process often starts with advocacy from community groups and tenants' associations, who work to raise awareness of the benefits of TOPA and lobby for its adoption.

Once there is enough support, a bill is drafted and introduced to the legislative body. The bill then goes through a series of reviews and amendments before it can be voted on.

If passed, it becomes law and provides a legal framework for tenants to purchase their homes, thereby preserving affordable housing and preventing displacement.

The adoption of TOPA (Tenant Opportunity to Purchase Act) in Fresno could be a significant step towards empowering tenants and preserving affordable housing.

• TOPA can provide tenants with the right of first refusal to purchase their building if it goes up for sale.

• Prevent displacement and preserve community stability.

• Encourage tenants to become homeowners, thus fostering a sense of investment and care for their neighborhoods.

• Contribute to the diversification of property ownership, which can lead to more vibrant and resilient communities.

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