Resources
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New York City’s Community Land Trusts
In February 2025, we released the NYC Community Land Trust (CLT) Map, an interactive tool highlighting New York City’s growing community land trust (CLT) movement, featuring detailed profiles of 19 CLTs.
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Crespo v. Gutman, Mintz, Baker & Sonnenfeldt, LLP
In August 2022, New Economy Project filed a federal lawsuit against a notorious debt collection law firm, alleging that it engaged in predatory and unlawful practices that harm low-income New Yorkers.
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Esgro Capital Management, LLC v. Sharae Banks
In December 2023, New Economy Project, with co-counsel, won a unanimous decision in the Appellate Division, First Department, upending over a decade of bad case law that enabled unscrupulous debt collectors to systematically deprive low-income New Yorkers of due process.
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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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Testimony Before the NYC Council’s Committee on Technology Regarding Oversight of “MyCity” Portal
New Economy Project respectfully submits the following testimony regarding the oversight of MyCity. Since 1995, New Economy Project has worked with community groups and low-income New Yorkers to combat systemic discrimination and racial wealth extraction in our financial system and economy; and to promote public banking, worker and financial cooperatives, community land trusts, and other…
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Letter in Support of the CFPB’s Proposed Interpretive Rule on Paycheck Advance Products
We write in strong support of the Consumer Financial Protection Bureau’s (CFPB) proposed interpretive rule on paycheck advance products. Marketed through “Earned Wage Advance” (EWA) phone apps, these exploitative loans prey on low wage workers and extract massive sums from low-income and Black and brown communities. The proposed rule is a crucial step toward preventing…
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Testimony before the New York City Council Committee on Finance, on Legislation to Reauthorize the City’s Tax Lien Sale
Good afternoon, Committee Chair Brannan and members of the Finance Committee, and thank you for the opportunity to testify about Introduction 2164, which would reauthorize New York City’s tax lien sale for a four year period. My name is Will Spisak and I am a Senior Program Associate at New Economy Project, a citywide organization…
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Memorandum of Support: S9326/A10134
New Economy Project fully endorses the Bank of Rochester Act, which aligns with the broadly-supported New York Public Banking Act (S1754/A3352). We have long advocated for the establishment of local public banks, and we now urge the legislature to bring public banking to New York by passing the landmark Bank of Rochester Act this session.
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Coalitions’ Statement on Assembly Banks Committee’s Approval of Bank of Rochester Act
As leaders of New York’s powerful and growing public banking movement, we commend the NYS Assembly Banks Committee for responding to the urgent calls for public banking by approving the Bank of Rochester Act. We express our gratitude to Assemblymember Harry Bronson and Chair Pamela Hunter for prioritizing this bill and collaborating with Rochester officials,…
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Testimony to the NYC Council Finance Committee & Committee on Housing and Buildings
Good afternoon, Committee Chairs Brannan and Sanchez and members of the Finance and Housing Committees, and thank you for the opportunity to testify. My name is Will Spisak and I am a Senior Program Associate at New Economy Project, a citywide organization that works with community groups to build a just economy based on cooperation,…