News & Events
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110+ Groups Call on Mayor and City Council Speaker to Address Affordability Crisis in Wake of State Inaction on Housing
A coalition of 113 community and affordable housing groups delivered a letter to New York City Council Speaker Adrienne Adams and Mayor Eric Adams, urging them to take bold and immediate action to address the city’s affordability crisis. Citing the state’s failure to strengthen tenant protections or pass other housing justice measures in the recent…
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City Limits: Groups Tell Speaker Adams: Time is Now for ‘Social Housing’ Bills
City Limits — Back in February, before housing policy fizzled out of state budget negotiations, the New York City Council held a hearing on bills aimed at boosting the supply of homes accessible to, and controlled by, low-income New Yorkers.
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160+ Community And Labor Groups Call on Albany to Pass NY Public Banking Act
Today, 163 organizations from across New York State delivered a letter to Senate Majority Leader Andrea Stewart-Cousins and Assembly Speaker Carl Heastie urging swift passage of the “New York Public Banking Act” (S1754/A3352) to advance racial and economic justice and ensure that public money works for the public good.
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NYN Media: New York City Council Pushes Affordable Housing Package
NYN Media — With over half of New York City tenants spending nearly a third of their income on rent, affordable housing is crucial to ensuring a safe future for New Yorkers. That’s why advocates in have rallied and thrown their support behind the Community Land Act, a package of bills before the New York City…
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Groups, Electeds Hold Press Conference at NYS Capitol Calling for Enactment of New York Public Banking Act
As the NYS Legislature turns its attention to its post-budget priorities, community and labor groups called on Albany lawmakers to enact the New York Public Banking Act (S1754/A3352) this legislative session. The bill, sponsored by Senate Banks Committee Chair James Sanders Jr. and Assembly Banks Committee Chair Pamela J. Hunter, creates a safe and appropriate…
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Spring Briefing for Supporters
Thanks to all who joined us for our 2023 Spring Briefing for Supporters. Check out video from the event here.
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WBAI’s Living for the City: Public Banking
WBAI’s Living for the City — The move toward the creation of a Public Bank in NYC–its status and necessity, explained by Andy Morrison, associate director of New Economy Project.
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Hell Gate: Which Banks Should Get to Hold NYC’s Billions in Cash?
Hell Gate — In 2021, New York City officials won praise when the boards of several of the City’s five pension funds voted to divest $4 billion from firms invested in fossil fuels. “Today is a major victory for our planet, our children, and our pensioners,” the City Comptroller’s office declared in a statement.
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City Council Holds Hearing on Creating a New York City Public Bank
The New York City Council Committee on Finance held a hearing today on a series of bills, collectively dubbed “The People’s Bank Act,” to create a public bank in New York City. A public bank will enable the city to leverage its immense financial resources toward advancing economic security and shared prosperity for all New…
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“Never let a good crisis go to waste”
Interest in public banking has surged in the wake of the sudden collapse of Silicon Valley Bank and Signature Bank – the second and third largest bank failures in U.S. history – and it is easy to understand why.