Press Releases
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Statement on Mayor de Blasio’s Commitment to Expand Community Land Trusts in NYC
New Economy Project welcomes Mayor de Blasio’s announcement in today’s “State of the City” address that the Administration will expand support for community land trusts in New York City, as part of his “Blueprint to Save Our City.” The announcement comes after years of work by New Economy Project and partners to advance CLTs in…
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Public Bank NYC Awarded $276,000 From Rosin Fund
Public Bank NYC announced today that it has received a three-year, $276,000 grant from the Scherman Foundation’s Katharine S. and Axel G. Rosin Fund. The award supports the coalition’s campaign for a municipal public bank in New York City, and represents the first major grant that Public Bank NYC has received for its members since…
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NYC Comptroller Scott M. Stringer: Abolish Mandatory Surcharges and Forgive Outstanding Court Debt to End Criminalization of Poverty within the Justice System
NYC Comptroller — Today, New York City Comptroller Scott M. Stringer proposed a comprehensive roadmap to tackle the next frontier in decarceration: a maze of onerous mandatory surcharges and service fees, which represents an all-but-hidden secondary form of punishment for those involved in the justice system, inhibits re-entry for formerly incarcerated individuals, foments recidivism, and burdens families…
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Victory! NYC Funds Community Land Trusts in City Budget
Community and affordable housing activists are celebrating NYC Council’s announcement of $870,000 in FY2020 discretionary funding for community land trusts (CLTs) across NYC. The funding will help incubate and expand CLTs to develop permanently-affordable housing and curb displacement in low-income NYC neighborhoods.
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New Yorkers Urge NYC to Follow Through on Pledge to Divest From Wells Fargo, Call For A Public Option To Manage City Funds
Today, members of the Public Bank NYC coalition rallied at a meeting of the NYC Banking Commission to call on the City of New York to divest from banks that harm New Yorkers and NYC neighborhoods, and to invest in communities through a public bank.
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Community Groups, Housing Activists, and Electeds Call on NYC to Take Bold Action to Tackle The Housing Crisis by Supporting Community Land Trusts
Dozens of community land trust (CLT) organizers, supporters, and community members rallied this morning at City Hall, urging the NYC Council to support a new funding initiative to incubate and expand CLTs in all five NYC boroughs. The proposed initiative, championed by Council Members Donovan Richards and Carlina Rivera, comes at a critical moment, as…
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Greetings from Paydayfreelandia!
WASHINGTON, D.C. – Today advocates from states across the country that ban predatory payday lending voiced strong opposition to the Consumer Financial Protection Bureau (CFPB)’s actions to gut federal rules to curb predatory payday lending.
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Statement on Amazon’s HQ2 Withdrawal
Amazon’s decision to withdraw its proposed headquarters from Queens is a huge win for New Yorkers and New York communities, and should mark a dramatic turning point in New York’s approach to economic development.
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Statement from New York Groups on Nomination of Linda Lacewell to Lead NYS Department of Financial Services
The next DFS Superintendent must commit to taking bold action against financial companies that systematically exploit New Yorkers and extract wealth from New York communities. As the state’s chief regulator of the banking, insurance, check cashing, bail bond, and other financial industries, DFS has an obligation to advance racial, gender and economic justice. Given the…
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Statement by New York Groups re: Postal Banking
Our organizations support the concept of “postal banking,” as a potentially transformative form of public banking. As banks continue to redline New York neighborhoods — perpetuating poverty, inequality, and segregation — bold solutions like postal banking are clearly needed. Some recently-introduced proposals, however, would exacerbate our two-tiered financial system and promote debt as a solution…