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Next City: A New Map Tracks the Growth of NYC’s Community Land Trusts
Next City — Three decades after the iconic Cooper Square Mutual Housing Association paved the way for community land trusts in New York City, the New Economy Project is releasing the first-ever interactive map of community land trusts across all five boroughs.
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Demos: Public Banks for Public Good: Transformative Investments to Help Close the Racial Wealth Gap
Demos — For decades, the racial wealth gap has persisted, with the median white family now holding more than six times the wealth of the median Black family in the U.S. Evidence has long shown that commercial banks perpetuate this divide through discrimination and predatory practices. But growing support for public banks—financial institutions created by local governments and…
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Everybody’s Talking about the Community Land Act!
New Economy Project, along with NYC Community Land Initiative (NYCCLI) coalition allies and 150 endorsing organizations, are leading the charge for the Community Land Act – a package of bills that would help community land trusts (CLTs) bring more land and housing into permanently affordable community ownership. Close to two-thirds of City Council Members co-sponsor…
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Nonprofit Quarterly: What Does Finance for the People Look Like?
Nonprofit Quarterly — The seeds of a financial system that works for the public are already all around us, from credit unions and loan funds to community bonds and Green Banks. Public banks—created by governments and chartered to serve the public interest—offer a powerful model to advance racial equity, public accountability, and community self-determination.
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Capitol Pressroom: Closing Loopholes in New York’s Lending Laws
Capital Pressroom — New York has laws governing interest rates for loans, but these regulations aren’t capturing some of the latest evolutions of lending. We examine legislation looking to close these loopholes with the help of Andy Morrison, associate director of the New Economy Project.
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Queens Chronicle: Speaker gets more than 1K cards in CLA push
Community groups advocating for affordable homes amid the housing crisis delivered more than 1,000 postcards, festively wrapped, to the district office of City Council Speaker Adrienne Adams (D-Jamaica) in Jamaica on Monday.
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City Limits: Revived Third Party Transfer Program Could Expand Community Ownership in NYC, Supporters Say
By proactively targeting landlords who neglect their properties to turn a profit, a revamped Third Party Transfer program that prioritizes community ownership could help break the cycles of disinvestment, speculation, and displacement, supporters of the legislation say.
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Community Groups Deliver Over 1,000 Holiday “Gifts” to City Council Speaker Adrienne Adams
On December 16, community groups delivered over 1,000 postcards—symbolically presented as festive “gifts”—to City Council Speaker Adrienne Adams, from tenants and community members in all five boroughs.
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1010 WINS: New Economy Project & Coalition Partners deliver 1000+ Community Land Act Postcards
On December 16, New Economy Project, Housing Conservation Coordinators, and NYCCLI coalition partners delivered over 1,000 holiday “gifts”—personally signed postcards from tenants and community members—to NYC City Council Speaker Adrienne Adams, urging her to pass the Community Land Act.
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New York Amsterdam News: Discriminatory lending practices that target Black homebuyers persist in NYC
According to a report by New Economy Project, Black and Brown home buyers continue to face discriminatory lending practices and higher interest rates in comparison to white homebuyers.
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2024 Holiday Celebration
Thanks to all who joined us for our 2024 Holiday Celebration!
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Bronx Buzz: Community Land Trusts
Bronx Buzz — Our Will Spisak speaks with the Bronx Buzz’s Gary Axelbank about the city’s growing community land trust movement.