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Gotham Gazette Opinion: To Achieve Real Financial Accountability, New York City Needs a Public Bank
Gotham Gazette Opinion — Here’s something that might surprise you: Almost all of the $100 billion in revenue New York City will collect this year to pay for schools, buses, and other public services will be deposited in three big banks – JPMorgan Chase, Bank of America, and Citi. That’s because New York State requires…
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AM New York: Progressive Pols Press NYC Council to Prioritize Nonprofit Housing Ownership
AM New York — Progressive City Council members have renewed their push for legislation aimed at reducing housing speculation by giving nonprofits and community land trusts priority on purchasing housing that come up for sale.
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American Banker: New York City Tightens Eligibility for Banks Holding its Deposits
American Banker — New York City will now require banks that want to hold city deposits to provide detailed plans about what they’re doing to root out discrimination in their lending and employment practices.
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Next City: Why Brooklyn Residents Want Public Land In Public Hands
Next City — New York City is inching closer to passing crucial legislation that would strengthen its community land trust movement. A bill that would give nonprofits and community land trusts the right of first refusal when a private landlord sells residential housing has enough co-sponsors to become law, as does another piece of legislation requiring the…
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NY State of Politics: Supporters Press for Public Banking Measure in New York
NY State of Politics – Supporters of a measure meant to create public banks in New York state in communities that lack basic financial institutions are making a renewed push this year for plan.
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City & State NY Opinion: Public Banks Can Help New York Meet its Ambitious Climate Goals
City & State NY Opinion – Last month, New York’s Climate Action Council voted to approve a framework for meeting goals mandated in the state’s landmark 2019 Climate Leadership and Community Protection Act. The plan recommends ambitious policy changes to reduce greenhouse gas emissions by 40% in the next seven years and 85% by 2050.…
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2022 Roundup
Check out the new two-page snapshot highlighting some of New Economy Project’s work, events, and media coverage during 2022!
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WCNY’s The Capitol Pressroom – Reforming New York’s Economic Landscape
New Economy Project founder and co-director Sarah Ludwig and For The Many’s Brahvan Ranga speak with David Lombardo about the NYS Community Equity Agenda’s 2023 policy platform and the upcoming Albany legislative session. Listen here.
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Spectrum News Capital Tonight: New York Coalition Pushes for Economic Justice in Next Legislative Session
New Economy Project Founder and Co-Director Sarah Ludwig speaks with Susan Arbetter about the NYS Community Equity Agenda’s 2023 Policy Platform
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Yes!: How Activists Are Trying to Change the Way Banking Gets Done
Yes! — With $10 trillion in assets at their collective disposal, big banks like Chase and Wells Fargo could do a lot of good. Yet, despite being “too big to fail,” these banks fail people every day. Whether it’s the persistent use of predatory practices, their enduring discrimination, or their insistent investment in exploitative and…
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WBAI: Living for the City
Our Associate Director Andy Morrison spoke with Living for the City’s Michael G. Haskins about the campaign to bring a public bank to New York City.
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City & State NY: As Homeownership Rates Decline in New York City, Could Community Land Trusts be an Answer?
City & State NY — Over the past decade in New York City, a housing shortage, increased investor activity and quickly rising home prices have exacerbated the affordable housing crisis. Today, there are almost no apartments with a monthly rent below $1,500 in the city. Housing advocates and policymakers have been pushing the city to…