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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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Fighting to Reverse New York Courts’ Erosion of People’s Basic Due Process Rights
Over the past two decades, debt buyers—companies that buy old debts for pennies on the dollar—have filed millions of debt collection lawsuits and obtained millions of default judgments, against low-income New Yorkers, mostly those in predominantly Black and brown neighborhoods.
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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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NYC Comptroller, Public Advocate, Council Members, Advocates Rally for New Vision for Housing
Ahead of City Council oversight hearing, legislation sponsors, NYC Community Land Initiative, Housing Justice For All, and non-profit affordable housing developers made the case for transformative social housing bills
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Roundup: Albany Day of Action for Public Banking & Housing Justice
New York’s 2023 legislative session is underway, and New Economy Project is working with groups statewide to advance a bold policy agenda that builds wealth and power in Black, brown, and immigrant communities.
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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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New Yorkers Rally at Capitol for Public Banking in This Year’s Budget
Albany, NY – Today, dozens of New Yorkers from across the state rallied with legislators at the New York State Capitol Building, urging swift passage of the “New York Public Banking Act” (S1754/A3352) this legislative session.
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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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2022 Holiday Celebration
Thanks to all who joined us for our 2022 Holiday Celebration!
Join us on December 15, 2026 for our 30th anniversary celebration! Tickets are limited — purchase yours today.