News & Events
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VICTORY! Community Land Trusts Win Major Funding in NYC Budget
New York City is doubling down on a bold strategy to advance community ownership of land and housing in NYC’s Black, brown and immigrant communities. This year, the City Council awarded $1.5 million to support community land trust (CLT) organizing across the five boroughs—its largest allocation since launching the Citywide CLT Initiative in 2019.
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Market Watch: The Looming $21.3 Billion in Debt That Could Cost Americans Their Homes
Market Watch — Nearly 6.4 million households owe an estimated $21.3 billion in rent debt, putting them at risk of losing their homes when the national eviction moratorium expires on Saturday.
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Mid-Year Briefing for Supporters
Thanks to all who attended our July 2021 briefing for supporters! Check out video from the briefing here, and stay tuned for more ways to learn about and get involved in our work.
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New Economy Project Testifies at Historic House Committee Hearing on Growing Public Banking Movement in NY
New Economy Project’s Co-Director, Deyanira Del Río, testified before the U.S. House Financial Services Committee’s Subcommittee on Consumer Protection and Financial Institutions last week on the growing movement for local public banking in New York. Rep. Alexandria Ocasio-Cortez, who spoke at the hearing—one of the first on public banking in modern American history—said it was…
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NowThis News: AOC Calls Out Colleagues for Banking Bill Comments
Our co-director Deyanira Del Río testifies before the U.S. House Financial Services Committee, Subcommittee on Consumer Protection and Financial Institutions, and answers questions from Representative Alexandria Ocasio-Cortez.
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The Nation: Why Shouldn’t the People Own the Banks?
The Nation — Even as the pandemic devastated New York City, megabanks like JPMorgan Chase and Bank of America continued to do a roaring trade. And now those financial behemoths are set to manage the funds that New York City and other municipalities will be deploying for the recovery. But financial justice advocates want to…
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Community Groups, Rep. Velázquez, Public Advocate Williams, Council Members Call for Full Funding of Community Land Trusts in NYC Budget
Community and housing activists joined elected officials at a rally at City Hall Park today, as they called for a just budget that includes $1.51 million for the Citywide Community Land Trust (CLT) Initiative to expand community control of land and housing in NYC’s Black, brown and immigrant communities. Funding will support 14 neighborhood-based CLTs…
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(Archive) Take Action: Support Community Land Trusts Today!
As the Mayor and City Council finalize next year’s budget–expected to be the largest in NYC’s history–we are calling for strong support for community land trusts (CLTs). Join us in calling for full funding of the $1.5 million Citywide Community Land Trust Initiative!
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Daily News: An Idea New York Should Invest In: A Municipal Bank Makes Great Sense
Daily News — New York has been making slow, halting moves in the direction of creating a public bank — a publicly owned financial institution that would facilitate financial services, especially loans, to help students, families and small businesses, using the billions of dollars in tax revenue, fees and fines and operating cash the city…
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Newsday: Banks Accused of Soaking Poor With Fees Amid Pandemic
Newsday — Banks have charged Long Islanders an estimated $120 million in overdraft, ATM and maintenance fees since the start of the pandemic, compounding the economic hardships experienced by low-income residents, according to a report issued by a coalition of progressive groups Wednesday.