News & Events
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Once Again, Albany Prioritizes Big Banks and Real Estate Over New York Communities
This year’s legislative session followed an all-too-familiar pattern of monied interests driving the state’s legislative agenda at the expense of working class New Yorkers. Our coalition strongly denounces Albany’s failure to enact the New York Public Banking Act (S1754/A3352), which would create a framework for local public banks that would leverage public deposits toward investments…
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Community Groups, Tenants, and Electeds Rally at City Hall for Legislation, Funding to Expand Community Land Trusts
In the wake of Albany’s failure to address the affordable housing crisis, more than 50 community, housing, and environmental justice groups and elected officials gathered at City Hall Park to call on the City to enact the Community Land Act, a slate of bills to expand community control of land and permanently-affordable housing in low-income Black…
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City Limits: In a First, the Public Got to Weigh in on NYC’s Banking Decisions
City Limits — “Too often we think banking has nothing to do with democracy,” said State Senate Banking Committee Chair James Sanders at last week’s hearing of the New York City Banking Commission. But banking and democracy were on full, if not always fulsome, display at the hearing as the commission decided which banks would…
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New Yorkers Demand a Public Bank at First-Ever Hearing on Banks Eligible to Hold Billions in NYC Deposits
Dozens of New Yorkers representing community groups across the city testified today at the first-ever public hearing before the NYC Banking Commission on the designation of banks eligible to hold municipal deposits. A familiar refrain at the hearing was the call for a public bank to hold city funds and reinvest in low-income neighborhoods and…
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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.