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In the News
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WBAI’s Housing Notebook: Tenant Control
Housing Notebook — Our CLT Campaign Organizer Elise Goldin joins Claudia Waterton, a Bronx tenant association president, and host Scott Sommer to discuss tenant-controlled housing and the Tenant Opportunity to Purchase Act (TOPA).
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City Limits: Legislation Would Give Nonprofits First Crack at Developing NYC-Owned Land
City Limits — New York City community land trusts and nonprofit developers could get the first crack at securing publicly-owned land for affordable housing under a new bill introduced by Brooklyn Councilmember Lincoln Restler Thursday.
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Brownstoner: Community Land Trust Wants to Turn NYPD Parking Lots Into Affordable Housing. Can They?
Brownstoner — “We demand — we ain’t asking no more — we demand that HPD turn this big, gigantic lot over to the community. Give it to the East New York Community Land Trust, let us build on it what the community needs, not free parking for the NYPD.”
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Center for New York City Affairs: Community Land Trusts Protect Housing Affordability – and Democracy
In her State of the City address last week, Council Speaker Adrienne Adams called for $4 billion in next year’s City budget for affordable housing, nearly tripling Mayor Eric Adams’s proposed investment.
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‘Public Bank’ Bill Blocked From State Senate Vote After Industry Pushback
The City — For the last four years, Queens State Senator James Sanders Jr. has pushed his colleagues in the New York legislature to greenlight public banks: local government-run financial institutions intended to extend credit and generate economic activity in low-income neighborhoods.
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Community and Labor Groups, Legislators Rally at Capitol for Passage of “New York Public Banking Act” to Advance Racial Equity and a Just Recovery
Today, community and labor groups from across the state rallied with legislators on the “Million Dollar Staircase” at the New York State Capitol Building, urging swift passage of the “New York Public Banking Act” (S1762B/A8290) this legislative session.
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EastNewYork.com: Goodbye Wells Fargo. Hello Public Banking.
EastNewYork.com — This month, Mayor Eric Adams and Comptroller Brad Lander vowed not to deposit city funds with Wells Fargo, following alarming reports that the bank rejected more mortgage refinancing applications from Black homeowners than it approved in 2020—denying hundreds of New Yorkers the opportunity to lock in lower interest rates and build generational wealth.
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City Limits: Community Land Trusts Would Get First Dibs at Buying Properties Under Revised Council Bill
City Limits — The New York City Council is once again considering a bill to curb speculation by giving nonprofits and community land trusts first dibs on residential properties that come up for sale.
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Spectrum News: Local Officials in New York Call for Public Banking Bill
Spectrum News — A bill that would enable the creation of public banks in New York has won the backing of dozens of local elected officials in 19 cities.
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The City: Will NYC Bar Wells Fargo From Municipal Deposits After Alleged Discrimination Against Black Homeowners?
The City — Mayor Eric Adams and Comptroller Brad Lander are facing calls from progressive advocates to cut off Wells Fargo’s ability to hold municipal deposits following allegations of racial discrimination.