In this episode of The MHP Exchange, Frank Rizzo breaks down the real-world impact of New York City’s City of Yes initiative—and the unintended consequences of the proposed COPA legislation.

While City of Yes was designed to increase housing density and attract development, COPA could fundamentally disrupt the free market by giving government agencies and nonprofits the right to match purchase offers on multifamily properties. Frank explains how this type of legislation threatens transaction velocity, exit certainty, and capital flow—and why legislative risk is often the most dangerous risk investors fail to underwrite.

A must-listen for investors who want to understand how policy decisions can reshape markets, stall growth, and determine where capital ultimately chooses to go.