This bill, titled the Community Opportunity to Purchase Act, aims to grant qualified nonprofit organizations the right of first refusal to purchase multi-family residential buildings in Rhode Island. The bill establishes a process for certifying nonprofit organizations as qualified nonprofits, based on criteria such as being exempt from federal income tax, demonstrating a commitment to affordable housing, and having the capacity to acquire and manage residential real property. Once certified, qualified nonprofits will have a first right to purchase multi-family residential buildings for sale in the state, consisting of a right of first offer and a right of first refusal. The bill also includes provisions for the protection of confidential information obtained from sellers, the priority given to Rhode Island nonprofits over out-of-state nonprofits, and the right of first refusal for the Rhode Island Housing Mortgage and Finance Corporation (RIHMFC) for state-owned properties.