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Common Dreams: Tlaib, AOC Revive Public Banking Act to Take on Wall Street
Common Dreams — Citing the failure of Wall Street banks to adequately serve the needs of working people, Democratic U.S. Congresswomen Rashida Tlaib and Alexandria Ocasio-Cortez on Wednesday reintroduced their Public Banking Act, which if passed would facilitate the establishment of state and local public banks.
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Gothamist: NYC Deposits Billions in Big Banks That Lock Out Communities of Color, Report Finds
Gothamist — New York City is depositing billions of dollars in banking behemoths that make a fraction of their mortgage loans in communities of color across the five boroughs, according to a new analysis released on Thursday.
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A Vision for Economic Democracy: Public Banking Q&A with Economic Opportunity Funders
Economic Opportunity Funders presents a Q&A with New Economy Project, Demos, and Economic Security Project focused on the role of public options in an extractive economy and the work of advancing racial equity through economic policies and institutions.
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NY1 Inside City Hall: Report Finds Racial Disparities in Homeownership Across N.Y.
NY1 Inside City Hall — Deyanira Del Río, co-director of New Economy Project, joined NY1 political anchor Errol Louis to discuss a new report released by state Attorney General Letitia James’ office that finds deep racial disparities among homeowners across New York.
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Vice: NYC Is Giving Public Lands to For-Profit Developers That Price Out Locals, Report Finds
Vice — New York City is giving away public lands to for-profit developers that build housing units largely unaffordable to locals, a new report has found.
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Brooklyn Daily Eagle: Systemic Racism in New York’s Housing Market Has Cost Minorities More Than $200 Million
Brooklyn Daily Eagle — A new report released by New York Attorney General Letitia James exposes profound systemic racism within New York’s housing market that causes disparities in homeownership rates and mortgage lending practices, revealing a system that has failed communities of color for decades.
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Brooklyn Reader: BK’s 4 Community Land Trusts Could Revolutionize Affordable Housing, Experts Say
Brookyln Reader — Community land trusts are expanding across the city, and during a panel at Pratt Institute last week, local leaders in the movement said the trend could mean big things for affordable housing in Brooklyn’s communities of color.
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The Architect’s Newspaper: In New York, Proposed Legislation Grants Opportunity to Tenants and Community Land Trusts to Purchase Land or Buildings
The Architect’s Newspaper — New York City has historically been a city at the front lines of housing justice and tenant activism. One of the entities at the forefront of this are Community Land Trusts (CLTs), of which there are 15 of in the city. Today, CLTs and alliances working alongside them are working hard to pass the Community…
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The Brian Lehrer Show: The Campaign for Public Banking in New York City
The Brian Lehrer Show — As this year’s budget season comes to a close in New York City, Tousif Ahsan, Public banking campaign organizer at the New Economy Project, and James Parrott, Director of economic and fiscal policies at the Center for New York City Affairs at the New School, explain the findings of a…
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Gothamist: What if NYC Had its Own Public Bank? There are Billions of Reasons to Consider it, Report Says
Gothamist — New York City is missing out on thousands of new affordable apartments and billions of dollars in local investments without a publicly owned bank to deposit its cash, according to an analysis by the city’s former chief economist and fellow researchers.
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Norwood News: Bronx Town Hall Touts Public Banking Benefits to Locals
Norwood News — At a public meeting billed as a “Boroughwide Town Hall on Public Banking,” representatives from ten Bronx-based groups joined various elected officials to push for State and City legislators to build upon efforts to promote worker-owned businesses, increase community land trusts, and facilitate access to more local credit unions as an alternative…
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City Limits: In a First, the Public Got to Weigh in on NYC’s Banking Decisions
City Limits — “Too often we think banking has nothing to do with democracy,” said State Senate Banking Committee Chair James Sanders at last week’s hearing of the New York City Banking Commission. But banking and democracy were on full, if not always fulsome, display at the hearing as the commission decided which banks would…