-
NY State of Politics: Why Lawmakers Want to Create Public Banks
NY State of Politics — State lawmakers in New York want to lay down the regulatory framework for municipalities to create local public banks in order to extend and expand access to communities of color in the post-COVID-19 economy.
-
NYS Legislators, Groups Call for Local Public Banks to Help Lead Recovery, Advance Racial and Economic Justice
Today, community, labor, and cooperative groups from across the state joined NYS Senate Banks Chair James Sanders Jr. and NYS Assembly Banks Chair Victor M. Pichardo to rally for the “New York Public Banking Act” (S1762A/A5782). The bill creates a regulatory framework for New York cities, counties and regions seeking to establish local public banks—financial…
-
Strong, Prosperous, And Resilient Communities Challenge: Community Ownership Collaborations for Resilience and Impact
This report from the Strong, Prosperous, And Resilient Communities Challenge (SPARCC) examines successful community ownership strategies across the United States, including the work of New Economy Project and the New York City Community Land Initiative (NYCCLI) to expand community land trusts in NYC.
-
The Appeal: New York City Considers a Bold Idea to Keep People From Being Pushed Out of Their Homes
The Appeal — Across New York State, millions of tenants are at risk of eviction and property values are falling. A recent analysis found that New York City renters in neighborhoods hit hardest by COVID-19—largely Black and Latinx communities—face nearly four times the number of eviction cases as less hard-hit areas. Local housing justice advocates fear a repeat of the…
-
100+ Community And Labor Groups Back Groundbreaking Bill To Make Public Banking A Reality In New York
Today, more than 100 community, labor, and cooperative groups and community development financial institutions from across New York State delivered a letter to state legislative leaders, urging swift passage of the “New York Public Banking Act” (S1762A/A5782) as an urgent strategy to advance racial equity and ensure a just recovery for all New Yorkers.
-
How the MTA Targets Poor New Yorkers of Color to Collect on Old, Alleged Debts (Even During the Pandemic)
The pandemic has placed the MTA at the center of the news, but its violations of New Yorkers’ civil rights have gone on for years. Through our NYC Financial Justice Hotline, New Economy Project has helped dozens of New Yorkers presenting the same disturbing facts: Without any notice, MTA took their tax refunds to pay…
-
NYC Council Lays Groundwork to Abolish Giuliani-Era Lien Sale
The City Council has passed legislation charting the course for ending New York City’s tax lien sale, and replacing it with an equitable municipal debt collection system that preserves affordable housing and stabilizes Black and brown NYC neighborhoods.
-
2020 Holiday Gathering
Thank you to those who joined us for our 2020 holiday party!
-
Sankofa and Self-Determination: Learning from Seattle’s Africatown CLT
This is the third in a series of reports on exchanges with community land trusts across the U.S. Read more about our visits with CLTs in Boston and California. New Economy Project was thrilled to connect recently with Africatown Community Land Trust in Seattle, WA, to learn about its work on community land ownership as a…
-
The City: Council Considers Killing the Tax-Collection Machine Rudy Giuliani Built
The City — New York’s pandemic pause on a program that sells unpaid city property debts to investors has community advocates calling to scrap the Giuliani-era approach altogether.
-
ProPublica: Debt Collectors Have Made a Fortune This Year. Now They’re Coming for More.
ProPublica — Earlier this year, the pandemic swept across the country, killing 100,000 Americans by the spring, shuttering businesses and schools, and forcing people into their homes. It was a great time to be a debt collector.