community land trusts
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To Keep Housing Affordable, Support Community Land Trusts
In her State of the City address last week, Council Speaker Adrienne Adams called for an additional $4 billion in next year’s City budget for affordable housing, nearly tripling Mayor Eric Adams’ proposed investment.
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City Limits: Community Land Trusts Would Get First Dibs at Buying Properties Under Revised Council Bill
City Limits — The New York City Council is once again considering a bill to curb speculation by giving nonprofits and community land trusts first dibs on residential properties that come up for sale.
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Community Groups, Elected Officials Rally at City Hall for Community Land Trust Funding, Legislation to Stabilize Housing and Combat Speculation
Community and housing activists joined Council Member Carlina Rivera and Council Member Sandy Nurse, Comptroller Brad Lander, and other elected officials at a rally at City Hall to call for increased support for community land trusts (CLTs), to shield land and housing from speculation in the wake of the pandemic. Groups called for strong public…
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Testimony to NYC Council Committee on Housing & Buildings, Preliminary Budget Hearing for FY2023
I’m pleased to testify today about community land trusts (CLTs), and to urge the Committee to support $3 million in FY2023 funding for the Citywide CLT Initiative. New Economy Project further urges the Committee to advance legislation to strengthen CLTs and expand non-speculative, community- and tenant-controlled housing. In the wake of the pandemic, public investment…
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Harlem World: Activists And Electeds Cheer End Of The Rudy Giuliani Created NYC Tax Lien Sale
Harlem World — Today, activists and elected advocates gathered on the steps of City Hall to celebrate the end of the Rudy Giuliani-created Lien Sale program. Since 1996, New York City has been selling the right to collect delinquent property tax and water debt at a discount to a privately administered hedge fund-backed Lien Trust.
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The Baffler: Lien On Me
The Baffler — Debra Ack was running out of time. On December 17, New York City would transfer over a hundred million dollars of publicly held debt into private hands—and many of those affected didn’t even know about it. That’s why Ack, along with other volunteers from the East New York Community Land Trust (CLT),…
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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.