Resources
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Statement from NYS Community Equity Agenda Coalition: Hochul’s Budget Proposal Squanders Historic Opportunity to Invest In Communities
With yesterday’s Executive Budget proposal, Governor Hochul had the opportunity to present a bold community economic development agenda that addresses long-standing racial and economic inequality that the pandemic has exacerbated. Unfortunately, with few exceptions, this budget proposal offers more of the same.
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Testimony Before NYS Senate Committees, on Effective Economic Development Strategies
New York’s approach to economic development desperately needs a reboot. We spend billions of dollars annually on wasteful corporate subsidies and tax giveaways – in the process diverting much-needed resources from higher education, transit, health care and other investments that would advance equity and economic opportunity in low-income neighborhoods and communities of color.
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Sign-On Letter to NYC Racial Justice Commission in Support of Public Land for Public Good
New York City’s housing and land use policies have contributed to neighborhood segregation, displacement of BIPOC New Yorkers, racial health disparities, widening wealth inequality, and a host of other inequities. New York City’s charter must be reformed to repair past harms, by giving Black and brown communities meaningful opportunities to own and control land, housing…
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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.
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Testimony Submitted to NYC Racial Justice Commission: Public Land in Public Hands
New York City must transform its approach to land use by directing public land to resident-controlled community land trusts (CLTs) and other community- based nonprofits that commit to a) permanent affordability of land and housing and b) meaningful tenant and community control.
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Testimony before the U.S. House Financial Services Committee, Subcommittee on Consumer Protection and Financial Institutions, on Public Banking
My testimony today will address ways in which our current financial system serves to extract wealth, and the need to strengthen and enforce laws to hold banks and other financial institutions accountable to people and communities. At the same time, we must focus on creating public banks and other institutions that are designed to build…
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Joint Statement of Principles on Shared Equity
The 20 undersigned organizations are pleased to respond to New York City’s Shared Equity Request for Information (RFI). We believe that New York City should be a beacon for cooperative economics, advancing racial and gender equity and community-led development. Our organizations include cooperatives and community land trusts, as well as grassroots and member-led groups that…
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Public Banking and Shared Equity
This response to the Shared Equity RFI discusses ways in which a local public bank in NYC would advance shared equity goals, and provides context on current state and municipal policy efforts toward creating a municipal public bank in NYC. Fundamentally, we see public banking as a catalyst for cooperative and community-led development in Black,…
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Community Land Trusts as Holistic Tools for Shared Equity
New York City Community Land Initiative (NYCCLI) is pleased to provide information about community land trusts as a holistic shared equity model of nonprofit and collective land ownership by a community. We understand that New York City (“NYC” or “the city”) has analyzed and is providing support to CLTs through the lens of the city’s…
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Statement in Response to NYC’s FY22 Budget
The budget adopted by the Mayor and City Council today is the largest in New York City’s history and restores critically-needed funding for schools, health care, and other vital services.