Press Releases
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New Research Shows Nonprofits Vastly Outdid For-Profits in Creation of Deeply Affordable Housing
As New Yorkers grapple with skyrocketing rents and homelessness, more than 20 community, affordable housing, and environmental justice groups joined local elected officials to rally at City Hall in support of the Community Land Act – a set of bills to bring land and housing into permanently-affordable community control, through community land trusts (CLTs) and…
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Court Grants Final Approval of Settlement in Class Action Lawsuit Reining In NYC Transit Authority’s Unfair Collection Practices
A federal court granted final approval of a settlement in a class action lawsuit charging the New York City Transit Authority (NYCTA), an arm of the Metropolitan Transportation Authority (MTA), with aggressively going after thousands of New Yorkers for alleged debts in violation of their constitutional due process rights.
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Attorney General James Highlights Deep Racial Gaps in Homeownership Across New York
New York Attorney General Letitia James released a new report today detailing deep racial disparities in homeownership and access to home financing across the state. Among the report’s top findings is a stark racial gap in homeownership rates in every region in New York, with white households owning their homes at nearly double the rate of households…
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Statement from the NYS Community Equity Agenda Coalition on Today’s Oral Arguments in SCOTUS Case on CFPB Funding
Today, as the U.S. Supreme Court hears oral arguments in Consumer Financial Protection Bureau v. Community Financial Services Association of America, members of the New York State Community Equity Agenda coalition released the following statements:
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New Economy Appeals Court Ruling that Harms NYer and Stacks Deck in Favor of Predatory Debt Collectors
A debt collector obtained a default judgment against Sharae Banks through fraud, falsely claiming that it had properly notified her when it sued her years earlier. A lower court then barred Ms. Banks from challenging the default judgment, upholding the debt collector’s blatant violations of her basic due process rights. New Economy Project has filed…
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MTA To Rein in Unfair Collection Practices Under Settlement in Federal Class Action Challenging Systemic Violations of Low-Income New Yorkers’ Civil Rights
A federal court granted preliminary approval of a settlement in a class action lawsuit charging the New York City Transit Authority (NYCTA), an arm of the Metropolitan Transportation Authority (MTA), with aggressively going after thousands of New Yorkers for alleged debts in violation of their constitutional due process rights.
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Once Again, Albany Prioritizes Big Banks and Real Estate Over New York Communities
This year’s legislative session followed an all-too-familiar pattern of monied interests driving the state’s legislative agenda at the expense of working class New Yorkers. Our coalition strongly denounces Albany’s failure to enact the New York Public Banking Act (S1754/A3352), which would create a framework for local public banks that would leverage public deposits toward investments…
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Community Groups, Tenants, and Electeds Rally at City Hall for Legislation, Funding to Expand Community Land Trusts
In the wake of Albany’s failure to address the affordable housing crisis, more than 50 community, housing, and environmental justice groups and elected officials gathered at City Hall Park to call on the City to enact the Community Land Act, a slate of bills to expand community control of land and permanently-affordable housing in low-income Black…
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New Yorkers Demand a Public Bank at First-Ever Hearing on Banks Eligible to Hold Billions in NYC Deposits
Dozens of New Yorkers representing community groups across the city testified today at the first-ever public hearing before the NYC Banking Commission on the designation of banks eligible to hold municipal deposits. A familiar refrain at the hearing was the call for a public bank to hold city funds and reinvest in low-income neighborhoods and…
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110+ Groups Call on Mayor and City Council Speaker to Address Affordability Crisis in Wake of State Inaction on Housing
A coalition of 113 community and affordable housing groups delivered a letter to New York City Council Speaker Adrienne Adams and Mayor Eric Adams, urging them to take bold and immediate action to address the city’s affordability crisis. Citing the state’s failure to strengthen tenant protections or pass other housing justice measures in the recent…