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Press Releases
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NY Coalition Blasts Wall Street’s Latest Scheme – Underwriting Payday Loans to Low-Wage Workers
NY Coalition Blasts Wall Street’s Latest Scheme: Underwriting Payday Loans to Low-Wage Workers
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Council Holds Historic Hearing on Social Housing Package as NYC’s Housing Crisis Hits Breaking Point
On Tuesday, the NYC Council held a historic hearing to consider multiple broadly supported social housing bills that would remove land and housing from the speculative market and bring them into permanently affordable, democratic community control.
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Amid Federal Disinvestment and Regulatory Rollbacks, New York Coalition Calls for Public Banks to Spur Local Investment
Community groups, labor unions, credit unions and elected officials from across the state rallied at the New York State Capitol to demand legislative action on public banking.
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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…
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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.