News & Events
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Gothamist: NYC Just Made Its Biggest Commitment Ever To A Radical Affordable Housing Model
Gothamist — City Hall is slowly starting to invest in an affordable housing model that can permanently remove parcels of land from the speculative housing market in rapidly gentrifying neighborhoods.
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City Limits: City Dips Toe Into Funding Community Land Trusts
City Limits — Four New York City groups will receive a total of $1.65 million in funds from state bank settlements to assist in the development or expansion of community land trusts, the Department of Housing Preservation and Development (HPD) announced today.
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Let’s Be Real Episode 3: “Who Knows Better Than the People Who Live There?”
This episode, we feature a conversation with Mychal Johnson, co-founder and leader of South Bronx Unite, about the group’s work organizing for sustainable, community-driven development in the Mott Haven & Port Morris neighborhoods of the South Bronx.
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Gothamist: Rogue Democrats Could Be Trying To Open New York Up To Payday Lenders
Gothamist — Payday loans are a poverty trap, a way to get the poor and desperate locked into a cycle of debt that traps them under an ever-increasing pile of high interest loans that they can’t pay back. Because of their nefarious nature, New York and 14 other states have banned such loans.
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NY1: Bad Credit
Road to City Hall — New Economy Project’s Sarah Ludwig and Deyanira Del Rio discuss a new proposal in Albany that threatens NYS’ protections against exploitative lending.
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Daily News: De Blasio, Stringer Announce City to Cut Ties with Wells Fargo
Daily News — The city will stop depositing its cash at Wells Fargo, after the bank got in hot water with the feds for discriminatory lending, Mayor de Blasio and City Controller Scott Stringer announced Wednesday.
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Will NYC Do The Right Thing?
New York City Council Members and community organizations sent a strongly-worded letter to the NYC Mayor Bill de Blasio, Comptroller Scott Stringer, and Commissioner of Finance Jacques Jiha, urging them to divest the City from Wells Fargo Bank, in which New York City reportedly has hundreds of millions of dollars in public funds on deposit.
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Let’s Be Real Episode 2: Neighborhood Organizing for Community Control
We speak with Nova Lucero and Renzo Moyano, member/organizers from Northern Manhattan is Not For Sale, about their work organizing Inwood and Washington Heights residents against unwanted private development in their neighborhood.
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Daily News: Wells Fargo Scandal May Force New York City to Find New Bank
Daily News — Wells Fargo — embroiled in a scandal over the creation of up to 2 million fake accounts — was knocked down to a “needs improvement” rating by federal regulators in March under the Community Reinvestment Act, citing an extensive pattern of discriminatory and illegal lending practices. New York City rules say that…
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Philadelphia Inquirer: JPMorgan Boss: ‘Trump is Our Pilot’ Even When We Disagree
Philadelphia Inquirer — Andy Morrison, campaigns director for the New Economy Project in New York, accused Dimon and his bank of making large financial contributions to U.S. Rep. Jeb Hensarling, R-Texas, and other members of Congress who want to stop or restrict the federal Consumer Financial Protection Bureau and other government agencies that have punished…