News & Events
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Our Trailblazer in Law: An Interview with Susan Shin
Our Legal Director Susan Shin has been a force on New Economy Project’s legal advocacy team for over fifteen years – and this week, she was named to City & State’s inaugural Trailblazers in Law list.
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Gothamist: Want to own your NYC apartment? This nonprofit is helping renters buy their units.
How would you like to own your apartment after years of renting? The East New York Community Land Trust bought a 21-unit, rent-stabilized apartment building on Arlington Avenue for just over $3 million late last month and plans to help tenants convert to co-op units in the coming years.
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Law.com: NY Lawmakers Eye Bolstering Regulatory Framework for Fintech
Andy Morrison, associate director of the New Economy Project, said there’s an urgent need for New York to advance structural reforms that close loopholes to the state’s usury law that are exploited by fintech and other predatory lenders.
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Testimony Before the NYS Assembly on the “Impact of Financial Technology (Fintech) and its Role in New York’s Banking Industry”
View PDF TESTIMONY OF ANDY MORRISON, ASSOCIATE DIRECTOR ON BEHALF OF NEW ECONOMY PROJECT BEFORE THE NYS ASSEMBLY STANDING COMMITTEES ON BANKS AND SCIENCE AND TECHNOLOGY “IMPACT OF FINANCIAL TECHNOLOGY (FINTECH) AND ITS ROLE IN NEW YORK’S BANKING INDUSTRY” March 7, 2024 Good morning, Chairs Hunter and Otis and members of the committees. Thank you…
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The Village Sun: Taking it to the banks – Tran tenants demand to meet with ‘bad landlord”s underwriters
Tenants of real estate mogul Sonny Tran are demanding meetings with two banks — Dime and Modern — that have underwritten his local building purchases and what rent-stabilized tenants describe as a siege of potentially illegal construction and dangerous living conditions. The two banks are on the city’s list of designated banks, and organizers also…
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Amsterdam News: AM Mitaynes makes another push to pass TOPA housing law
The Tenant Opportunity to Purchase Act (TOPA) is a solution to maintaining affordable housing stock amid a housing crisis throughout the state, advocates say. The act gives tenants the chance to make an offer on a building before a landlord sells to an outside party.
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Tenants, Community Groups, and Electeds Launch Campaign to Pass the Tenant Opportunity to Purchase Act With Rally in Brooklyn
As soaring housing costs continue to push New Yorkers out of their neighborhoods and the state, members of the Housing Justice for All and New York City Community Land Initiative coalitions rallied with elected officials, tenants and other advocates on Thursday to demand passage of the Tenant Opportunity to Purchase Act (TOPA) in this year’s…
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News12: Local leaders launch campaign to pass Tenant Opportunity to Purchase Act
Community groups and elected officials are kicking off a campaign to pass the Tenant Opportunity to Purchase Act, or TOPA.
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Public Bank NYC Coalition Renews Calls For Public Bank As City Council Member Keith Powers Reintroduces The People’s Bank Act
The People’s Bank Act, a package of bills that would lay the foundation for a public bank in New York City, was officially reintroduced today for the 2024-2025 New York City Council legislative session.
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New York Focus: Hochul Sparks Outcry With Proposed Cash Transfer From Legal Aid Fund
The Interest on Lawyer Account provides tens of millions of dollars to fund legal help for New Yorkers who can’t afford it, According to the fund’s director, however, Hochul’s budget proposal would remove about a third of the cash it has available, imperiling its financial health. Legal organizations that benefit from its grants warn they…