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In the News
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Nonprofit Quarterly: What Does Finance for the People Look Like?
Nonprofit Quarterly — The seeds of a financial system that works for the public are already all around us, from credit unions and loan funds to community bonds and Green Banks. Public banks—created by governments and chartered to serve the public interest—offer a powerful model to advance racial equity, public accountability, and community self-determination.
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Capitol Pressroom: Closing Loopholes in New York’s Lending Laws
Capital Pressroom — New York has laws governing interest rates for loans, but these regulations aren’t capturing some of the latest evolutions of lending. We examine legislation looking to close these loopholes with the help of Andy Morrison, associate director of the New Economy Project.
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Queens Chronicle: Speaker gets more than 1K cards in CLA push
Community groups advocating for affordable homes amid the housing crisis delivered more than 1,000 postcards, festively wrapped, to the district office of City Council Speaker Adrienne Adams (D-Jamaica) in Jamaica on Monday.
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City Limits: Revived Third Party Transfer Program Could Expand Community Ownership in NYC, Supporters Say
By proactively targeting landlords who neglect their properties to turn a profit, a revamped Third Party Transfer program that prioritizes community ownership could help break the cycles of disinvestment, speculation, and displacement, supporters of the legislation say.
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1010 WINS: New Economy Project & Coalition Partners deliver 1000+ Community Land Act Postcards
On December 16, New Economy Project, Housing Conservation Coordinators, and NYCCLI coalition partners delivered over 1,000 holiday “gifts”—personally signed postcards from tenants and community members—to NYC City Council Speaker Adrienne Adams, urging her to pass the Community Land Act.
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New York Amsterdam News: Discriminatory lending practices that target Black homebuyers persist in NYC
According to a report by New Economy Project, Black and Brown home buyers continue to face discriminatory lending practices and higher interest rates in comparison to white homebuyers.
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Bronx Buzz: Community Land Trusts
Bronx Buzz — Our Will Spisak speaks with the Bronx Buzz’s Gary Axelbank about the city’s growing community land trust movement.
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Public News Service: NYC Legislation Gives Communities More Control Over Housing
Public News Service — A package of New York City bills can help preserve affordable housing. The Community Land Act creates more pathways for communities to purchase and control land. Two of the bills would allow nonprofits and community land trusts to make a first offer on any multifamily property or public land up for…
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Brooklyn Reader: Affordable Housing Tenants in Carroll Gardens Fight to Stay in Their Homes
BK Reader — Residents of 63 Tiffany Place, one of the few affordable housing buildings remaining in the Brooklyn’s Carroll Gardens, say they face potential rent increases and eviction at the beginning of the new year.
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The Capital Pressroom: Limiting Fees on Accessing Government Assistance
The Capital Pressroom — Our associate director Andy Morrison speaks with Capital Pressroom about financial fees and new legislation that would prohibit the practice on electronic benefit cards.