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Brownstoner: Community Land Trust Plans ‘Liberation Center’ in East New York Warehouse
The two-story industrial building at 161 Jamaica Avenue has had many uses over its 120-plus-year history. It housed a wagon painting business, a radio coil manufacturer, and a shirt making factory. It’s been the headquarters for The American Appliances and Machinery Manufacturing Co. and a place where industrial doors were made. Most recently, cabinets were…
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Wired: AI Is Taking Over the Most Cursed Job in the World
She introduced herself as Eve, but Ben knew right away that the voice on the other end of the line was a bot. Eve knew his name. She also knew how much money he’d owed a former landlord ($266). She didn’t seem to know that he’d settled with a collection agency five months prior. Eve…
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New Economy Project Advances Community Ownership in New York
New Economy Project was featured in the latest case study in the Center for Community Investment’s Ecosystem Stewardship: Building the Infrastructure for Shared Ownership series.
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Shelterforce: How Public Banks Can Meet Public Needs
What could your community do if your city or state owned its own bank? In 2020, the nonprofit organization Action Center on Race & the Economy published a study showing that state and local governments pay $160 billion in annual interest on the money they borrow.
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Online Payday Lenders Look to Skirt New York Restrictions
Assemblymember Steven Raga, a Queens Democrat, and Katy Lasell, of the New Economy Project, make the case for rewriting New York’s consumer protection laws to regulate the latest evolution of payday lenders that are skirting existing restrictions on loans.
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Gothamist: Mamdani Halts NYC’s ‘Predatory’ Private Tax Lien Sale Process
Mayor Zohran Mamdani will halt the city’s controversial tax lien sale and potentially scrap it altogether over concerns that the process exposes homeowners to “predatory debt collectors” and foreclosure, City Hall said Tuesday.
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The Village View: Activists Decry Wall Street, Call for NYC Public Bank
The acoustics weren’t great but the message was crystal clear. Big banks are systematically screwing ordinary New Yorkers by using taxpayer money to underwrite schemes that promote usury, risk destabilizing financial markets, support ICE, endanger tenants, and deprive regular New Yorkers of services and resources.
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WBAI’s Housing Notebook
New Economy Project’s Executive Director Deyanira Del Rio joins former Met Council organizer Dave Powell to speak about Francis Goldin and the ongoing legacy of her work — the fight for Community Land Trusts.
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AMNY: Mamdani Co-Signs Comeback of Nonprofit Property COPA Bill Vetoed by Adams
A hotly debated housing bill that would give nonprofits first dibs on property purchases — vetoed by former Mayor Eric Adams hours before he left office — is likely to get a new chance to pass under the Mamdani administration. Its sponsor is already anticipating lawsuits attempting to stop it.
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Gothamist: Mayor Mamdani, NYC Councilmembers at Odds Over Housing Bill Vetoed by His Predecessor
New York City Mayor Zohran Mamdani and members of the City Council are on a collision course over a housing bill whose supporters contend it will help keep more apartments affordable and out of the grip of speculators.
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American Banker: New York State Introduces Bill Deeming EWA a Loan
The bill was introduced by New York State Senator Samra Brouk (D) and Assemblymember Steven Raga (D), and proposes that any wage or cash advances be considered loans and subject to the state’s 16% interest rate cap. It also would classify any fee paid in connection with the advance, including tips and subscription costs whether…
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Brooklyn Grounds: This City Council Member Just Gave Distorted Info on a Housing Preservation Bill
Mealy’s words were met with objections and confusion from Brooklynites attending the Jan. 8 meeting, even prompting a board member to walk out in frustration after hearing Mealy’s erroneous claims about the policy.