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New Economy Project Advances Community Ownership in New York
New Economy Project was featured in the latest case study in the Center for Community Investment’s Ecosystem Stewardship: Building the Infrastructure for Shared Ownership series.
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Bringing Land and Housing into Community Hands
We are thrilled to announce the release of “Bringing Land and Housing into Community Hands,” a beautiful fold-out poster showcasing New York City’s growing community land trust (CLT) movement. Brimming with hand-drawn illustrations of actual CLT organizers and projects from across the five boroughs, the poster explains how CLTs work and how community members can…
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Earned Wage Access (EWA) Fee Extraction in New York
Payday lending is illegal in New York. Yet fintech payday lenders have siphoned well over half a billion dollars from New Yorkers’ paychecks since 2019 by exploiting loopholes – and the total is still rising.
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Public Banks for Racial Equity: Democratizing Finance to Build Community Wealth
Growing support for public banking presents an opportunity for a transformative shift. Public banks — created by state or local governments and chartered to serve the public interest—can manage public deposits and partner with local lenders to make loans and investments in underserved communities and sectors.
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$500 Million and Counting: How Unchecked Payday Loan Apps Are Draining New Yorkers’ Paychecks
New Economy Project estimates that payday loan apps have siphoned over half a billion dollars in deceptive fees from New Yorkers’ paychecks since 2019.
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Analysis: Fed Rate Cuts May Exacerbate Racial Wealth Inequality Due to Persistent Mortgage Lending Disparities
As the Federal Reserve lowers interest rates, many borrowers stand to benefit—particularly White homeowners and homebuyers, who already benefit from lower average interest rates compared to people of color. By contrast, Black borrowers who face persistent barriers to fair lending could be left out in the cold, unable to access more favorable interest rates…
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CLTs Gaining Ground in NYC
Over the past fifteen years, New York City’s CLT movement has grown significantly. Amidst the city’s growing housing affordability and homelessness crises, several grassroots movements coalesced around CLTs. We collaborated with the Pratt Center for Community Development to showcase the powerful and growing movement for CLTs in NYC.
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Leaving the Speculators in the Rear-View Mirror: Preserving Housing with Municipal Arrears Through Off-Ramps from the Speculation Superhighway
A system to replace NYC’s tax lien sale should advance critical affordable housing and equitable development goals. This report outlines a framework through which New York City can enforce the collection of property tax arrears and other debts, in ways that prevent the displacement of vulnerable homeowners, preserve affordable rental units, and expand the pipeline…
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Banking for the Public Good: Public Bank NYC
A new report from Demos and New Economy Project calls on New York City to establish a public bank to divest city dollars from Wall Street and channel capital to Black and brown communities to promote racial equity and a just recovery.
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Public Banking Around the World: A Comparative Survey of Seven Models
New Economy Project is pleased to have collaborated with The Vance Center for International Justice to present this timely report and panel on public banking around the world.
- Reports and publications
– Our team of expert researchers and policy advocates identify the biggest threats to economic justice and develop community-driven solutions. - Education for community power
– Our community workshops and curricula help New Yorkers name and analyze systemic injustice and develop the systemic solutions they need. - Mapping for economic justice
– We help groups understand the geography of economic extraction, and plot out the alternatives.