Press Releases
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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…
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Survey: New Yorkers Support Public Banking by 8:1 Margin
A new statewide survey from the Community Service Society (CSS) shows 62% of NYC residents support public banking, compared to just 8% opposed—a nearly 8:1 margin, the highest in the state. Support for public banking is strong across all regions in New York, underscoring a growing urgency to reclaim public money for the public good.
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Elected Officials, Community Groups Rally for Public Banks, Slam Commercial Banks for Fueling Racial Wealth Gap
On Tuesday, a statewide coalition of community and labor groups and community credit unions rallied with elected officials at the Legislative Office Building in Albany, calling on New York State to take urgently needed action on lending discrimination and create public banks to ensure fair lending and economic justice for all New Yorkers.
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Elected Officials and Housing Groups Rally at Capitol for Tenant Opportunity to Purchase Act and $250 Million in Budget
With private equity firms driving up home prices and eroding New York’s affordable housing stock, elected officials and housing groups held a rally and press conference at the New York State Capitol on Tuesday to call on the Governor and Legislature to pass the Tenant Opportunity to Purchase Act (TOPA) and allocate $250 million in the state…
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Nearly 70 Tenant and Community Groups Urge Albany to Pass Tenant Opportunity to Purchase Act in State Budget
Nearly 70 tenant and community groups from across New York State delivered a letter to Senate Majority Leader Andrea Stewart-Cousins and Assembly Speaker Carl Heastie, urging them to include the Tenant Opportunity to Purchase Act (S401) in this year’s state budget—along with $250 million annually to support its implementation.
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New Interactive Map Showcases NYC’s Growing Community Land Trust Movement
New Economy Project has released the NYC Community Land Trust (CLT) Map, an interactive tool highlighting New York City’s growing community land trust (CLT) movement. The digital map features detailed profiles of 19 CLTs.
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Community Groups Deliver Over 1,000 Holiday “Gifts” to City Council Speaker Adrienne Adams
On December 16, community groups delivered over 1,000 postcards—symbolically presented as festive “gifts”—to City Council Speaker Adrienne Adams, from tenants and community members in all five boroughs.
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Press Release: NY Labor & Community Groups Endorse CFPB Rule To Crack Down on Predatory Paycheck Advance Loans
Groups called on New York regulators to aggressively enforce the state’s usury Law and take action against predatory fintech companies that exploit workers.
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Press Statement: New CFPB Rule Cracks Down on Predatory “Fintech” Payday Loans
New Economy Project strongly supports the CFPB’s proposed rule cracking down on predatory payday loans, marketed through Earned Wage Access (EWA) phone apps. Financial technology (or fintech) companies use these insidious apps to prey on low-wage workers – peddling debt trap loans with interest rates as high as 300% or more.
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Statement from the Abolish the Tax Lien Sale Coalition: The City Takes First Step Toward Abolishing the Lien Sale, but the Fight Isn’t Over
On Sunday, the City responded to years of relentless advocacy by the Abolish the Tax Lien Sale Coalition by enacting legislation to address the severe inequities caused by the city’s tax lien sale.