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News and updates

  • 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),…

  • Groups Urge NY Senate to Oppose Gov. Hochul’s Nomination for Supt. of Financial Services, as Confirmation Process Begins

    As the New York Senate prepares for hearings this week on Governor Hochul’s nomination of Adrienne Harris for Superintendent of the NYS Department of Financial Services, racial and economic justice groups delivered a letter to Majority Leader Andrea Stewart-Cousins, urging the Senate to conduct a rigorous examination of Ms. Harris’ record and experience.

  • 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.

  • 150 Community And Labor Groups Call on Albany To Pass NY Public Banking Act

    Today, 150 organizations from across New York State delivered a letter to state legislative leaders urging swift passage of the “New York Public Banking Act” (S1762A/A5782) to advance racial equity and ensure a just recovery for all New Yorkers.

  • 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…

  • 2021 Roundup

    Check out the new two-page snapshot highlighting some of New Economy Project’s work, events, and media coverage during 2021!

  • 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.

  • 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…

  • New Analysis Shows NYC Set to Squander 3,600 Potential Units of Affordable Housing, in Friday’s Tax Lien Sale

    Ahead of the City’s tax lien sale this Friday, the Abolish the NYC Tax Lien Sale Coalition released a new analysis revealing the lien sale list includes 392 vacant lots that could support the development of over 3,600 affordable housing units. This represents a recurring missed opportunity for the City to partner with community land…

  • Public Bank NYC Coalition Launches 2022 Legislative Campaign with Rally on Wall St.

    On Tuesday, representatives of community, labor and cooperative groups in the Public Bank NYC coalition were joined by city and state elected officials at a rally on Wall Street to unveil an ambitious legislative agenda to bring public banking to New York in 2022.

  • 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,…

  • 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…