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Harlem World: Activists And Electeds Cheer End Of The Rudy Giuliani Created NYC Tax Lien Sale
Harlem World — Today, activists and elected advocates gathered on the steps of City Hall to celebrate the end of the Rudy Giuliani-created Lien Sale program. Since 1996, New York City has been selling the right to collect delinquent property tax and water debt at a discount to a privately administered hedge fund-backed Lien Trust.
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City Limits: As NYC Considers Scrapping Tax Lien Sale, Land Trust Plan Gains Steam
City Limits — New York City’s most recent property tax lien sale may be its last as momentum grows for a new debt collection model—including a plan to cut out private firms, reduce penalties and empower community land trusts.
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The Baffler: Lien On Me
The Baffler — Debra Ack was running out of time. On December 17, New York City would transfer over a hundred million dollars of publicly held debt into private hands—and many of those affected didn’t even know about it. That’s why Ack, along with other volunteers from the East New York Community Land Trust (CLT),…
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NY State of Politics: Supporters Push for Public Banking Bill to Aid Underserved Communities
NY State of Politics — Advocates on Tuesday began another push to approve a measure creating a regulatory system for public banks in New York state in order to bring more financial institutions to underserved communities.
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Common Dreams: 150+ NY Groups Back Public Banking Bill to Declare ‘Independence From Wall Street’
Common Dreams — Over 150 advocacy groups from across the Empire State Tuesday sent a letter to New York legislative leaders urging them to follow in the footsteps of places like North Dakota, Germany, and Costa Rica and pass legislation allowing the creation of public banks that would help “advance racial equity and ensure a just…
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2021 Roundup
Check out the new two-page snapshot highlighting some of New Economy Project’s work, events, and media coverage during 2021!
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Brooklyn Eagle: Tax Lien Sales Hurt Communities, Says Coalition
Brooklyn Eagle — The city is missing an opportunity to create affordable housing, claims the Abolish the NYC Tax Lien Sale Coalition, making its statement ahead of the city’s tax lien sale this Friday.
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Next City: Why Activists Are Pushing NYC to End Its Tax Lien Sale
Next City — Marcus is a disabled, 66 year-old Vietnam war veteran. He lives in a house in the East New York neighborhood of Brooklyn that has been in his family since the 1960’s. An only child, he inherited the home when his parents passed, his only piece of generational wealth. But after falling behind…
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City & State: Economic Development Power 75
City & State NY included New Economy Project Co-Directors Sarah Ludwig and Deyanira Del Rio on their inaugural Economic Development Power 75 list, which “identifies the policymakers who are driving economic development strategies in New York and positioning the state for a post-pandemic recovery, including elected officials, government appointees and leaders of chambers of commerce,…
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WhoWhatWhy: $1.6 Billion Reasons Why Activists Say New York City Needs Public Banking
WhoWhatWhy — New York City, once the epicenter of the COVID-19 pandemic in the United States, is bouncing back. Broadway is reopening its doors, international tourists are arriving, and workers are returning to jobs. But not all the way. According to the New York City Recovery Index, the city is still just about 80 percent “back.” Hotels are still…
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Daily News Op-Ed: The Public Bank New York City Needs
Fresh off his electoral victory, Eric Adams declared that his administration will look abroad for policy solutions to New York City’s myriad social and economic problems. “Let’s learn what they’re doing there so we can do it here,” he urged. It just so happens, there’s a broad-based citywide coalition pressing for a bold policy solution that is common throughout…
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Capital Tonight: Hochul’s DFS Nominee Prompts Anger Among Consumer, Good Government Groups
Though Adrienne Harris has quite a resume — she was a special assistant to President Obama for economic policy and she currently serves on the faculty at the University of Michigan — a coalition of 25 groups, including Citizen Action and the Western New York Law Center is urging Gov. Hochul to rescind her nomination.