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Gaining Ground: What’s Next for NYC’s Community Land Trusts?
On this engaging panel discussion, hear from East New York CLT, Mott Haven Port Morris Community Land Stewards, ReAL Edgemere CLT, and others about the CLT movement’s groundbreaking wins – and opportunities to support its continued growth..
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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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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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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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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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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…
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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…