News & Events
-
Statement of Labor and Community Groups on Attorney General Letitia James’ Lawsuits Cracking Down on Predatory Payday Loan Apps
“We applaud New York State Attorney General Letitia James for taking strong action against MoneyLion and DailyPay, financial technology (“fintech”) lenders that target working New Yorkers with triple-digit interest, debt-trap payday loans. Operating through smartphone apps, these and other so-called Earned Wage Access (EWA) companies market high-cost, short-term loans as “free,” while hitting users with…
-
New Yorkers Rally at City Hall for Community Land Act Amid Housing Crisis and Looming Federal Cuts
As homelessness and displacement continue to skyrocket and federal disinvestment threatens to further exacerbate the affordability crisis, over 50 NYC community groups and elected officials rallied at City Hall on Thursday to demand the City Council pass urgently needed legislation that would remove land and housing from the speculative market and bring it into permanently…
-
Shelterforce: There’s a Community Oversight Fight Brewing in the Bronx
Shelterforce — Since the 1990s the vacant Kingsbridge Armory in the Bronx has become a landmark, not just of hulking bygone military architecture, but it’s also a symbol that represents city and developer attempts to impose proposals—from homeless shelters to shopping malls or ice rinks—on community residents.
-
Putting CLTs on the Map, Public Banking Push, Fighting Debt-Trap Apps, and More!
New Economy Project is digging deep with coalition allies across New York—fighting back against federal attacks and advancing bold, systems-changing solutions rooted in racial and economic justice.
-
W42ST: Hell’s Kitchen Tenants Fight to Turn Neglected Buildings into Community-Owned Housing
W42ST — Tired of broken boilers, illegal hotels and a landlord dubbed NYC’s worst, a group of Hell’s Kitchen tenants are fighting back — not just to fix their buildings, but to buy them and change housing laws citywide.
-
Brick Underground: Could a Proposed Bill to Help New York Tenants Buy Their Building Finally Become Law?
Brick Underground — Many New York City renters dream of one day owning an apartment—but what if you and your neighbors had an opportunity to buy your rental building?
-
The City: Payday Loan Apps Cost New Yorkers $500 Million Plus, New Study Estimates
The City — Cash advance apps like Dave and EarnIn have charged New York consumers more than $500 million in hidden fees and “tips” since 2019, a new report estimates — allowing the loan platforms to thrive despite New York’s strict limits on consumer interest rates.
-
The Wave: State Senate Banks Committee Holds Hearing on Discrimination in NY’s Mortgage Industry
The Wave — The New York State Senate Banks Committee, chaired by NYS Senator James Sanders Jr., held a public hearing earlier this month to examine potential discrimination in New York’s home mortgage banking industry. The hearing brought together key stakeholders, including government officials, financial regulators, industry representatives, and consumer advocates, to address concerns regarding…
-
Next City Podcast: So Many Land Trusts Launched in NYC That They Created A Map
Next City Podcast — We talk about community land trusts, or CLTs, a lot at Next City. It’s about ownership: The community owns the lands and stewards the land. That means that the buildings on the land — including housing and other spaces like storefronts — can made affordable to own or to rent, in…
-
New York Focus: How Eric Adams’s MyCity Portal Became a $100 Million Question Mark
New York Focus — Over the past two and a half years, Mayor Eric Adams’s administration has spent tens of millions of dollars building an online tool it says will transform all social services in New York City.