Resources
-
In Solidarity with AAPI Organizations and Communities
New Economy Project stands in solidarity with Asian American and Pacific Islander communities, and condemns violence and racism directed at AAPI and all BIPOC communities. We mourn the deaths of the eight people murdered last week in Atlanta: Daoyou Feng, Hyug Jung Grant, Suncha Kim, Paul Andre Michaels, Soon Chung Park, Xiaojie Tan, Delania Ashley…
-
Testimony to the New York City Council Committee on Economic Development Preliminary Budget Hearing for FY 2022
New Economy Project and 17 partner organizations in the CLT Initiative seek $1.51 million in City Council discretionary funding in FY2022. We urge the Committee to support this funding request and ensure that CLTs continue to play a key role in stabilizing communities, combating speculation, and promoting a just recovery in Black, brown and immigrant…
-
Letter from 100+ groups in support of the New York Public Banking Act
We, the undersigned 104 organizations, respectfully urge you to support S.1762-A (Sanders)/A.5782 (Pichardo), the “New York Public Banking Act.” This carefully-crafted legislation creates a safe and appropriate regulatory framework for cities, counties, and regions seeking to establish public banks. It authorizes the NYS Department of Financial Services to issue special-purpose public bank charters, paving the…
-
Testimony to the NYC Council Committee on Housing and Buildings, and Subcommittee on Capital Grants Preliminary Budget Hearing for FY 2022
New Economy Project coordinates the Citywide Community Land Trust (CLT) Initiative, launched in FY2020 to strengthen and expand CLTs and permanently affordable housing, commercial and community spaces, across NYC. In less than two years, the Initiative has made major progress–helping to launch and expand CLTs in the South and Northwest Bronx, East Harlem and the…
-
Legislative Memo: “New York Public Banking Act”
This bill creates a safe and appropriate regulatory framework for local governments seeking to establish public banks. Public banks are financial institutions created by government entities, and accountable to the people. Through public banking, cities and counties can manage their own revenues and leverage those funds to support local economic development, including affordable housing, green…
-
Testimony Before the NYC Council Committee on Housing and Buildings, Oversight Hearing on Community Land Trusts and Land Banks
NYC needs transformative, community-led solutions to our city’s affordability crisis that advance racial equity and a just recovery. I am pleased to testify in support of Intro 1977, the Community Opportunity to Purchase Act (COPA), and Intro 118-A, to establish a municipal land bank. Passage of these bills will give communities–and the City, itself–new tools…
-
Sign-On Letter Opposing the OCC’s Proposed “Fair Access to Financial Services” Rule
The Center for Responsible Lending and the undersigned consumer, faith, community, and civil rights groups write to strongly oppose the Office of the Comptroller of the Currency (OCC)’s proposal to unreasonably limit banks’ ability to decide not to serve particular entities.
-
Testimony Before the NYC Council Committee on Finance, on Reauthorization of the NYC Tax Lien Sale
We urge the Council not to introduce legislation reauthorizing the tax lien sale, and work with community partners, including community land trusts (CLTs), to develop an alternative and equitable system to address property tax arrears and, when appropriate, property disposition. The City’s practice of selling municipal debt to a private, investor-backed trust fuels speculation and…
-
Commodifying Our Communities: The Case for Abolishing NYC’s Tax Lien Sale and Prioritizing CLTs in a New Tax Collection and Property Disposition System
This memo provides a brief introduction to CLTs and proposes alternatives to the lien sale that prioritize CLTs, in partnership with mission-driven, nonprofit developers, as both resources for vulnerable homeowners and recipients of foreclosed properties.
-
Letter to Mayor de Blasio and Speaker Johnson, Opposing Reauthorization of NYC’s Lien Sale for Property Tax, Water and Other Municipal Debts
[Download PDF] November 18, 2020 NYC Mayor Bill de Blasio City Hall New York, NY 10007 NYC Council Speaker Corey Johnson City Hall New York, NY 10007 Re: Not Reauthorizing NYC Lien Sale for Property Tax, Water and Other Municipal Debts Dear NYC Mayor de Blasio and Council Speaker Johnson, We write to you today…