community land trusts
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City Limits: As COPA Makes a Comeback, What Does it Mean for Land to be Communally Owned?
The Community Opportunity to Purchase Act (COPA) has risen from the ashes, and aims to give a boost to nonprofit organizations that promote community ownership—including community land trusts, which allow land to be directly owned by members.
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Brick Underground: Community Opportunity to Purchase Act has a Good Chance of Passing Under Mamdani
Last month, New York City Council Member Sandy Nurse revived legislation that would allow certain nonprofits and community land trusts a first shot at buying struggling multifamily properties—and this time, the mayor is in favor of the bill.
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Next City: A Community Land Trust Is Purchasing Commercial Property in NYC for the First Time
New York City’s growing community land trust movement will hit a new milestone next month, as the East New York Community Land Trust is set to become the first in city history to purchase a commercial property off the private market.
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Next City: A South Bronx Health Center Will Rise Again, Thanks to Local Organizers
The empty, worn-down building at 349 East 40th Street in the South Bronx has had many lives.
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Brownstoner: Community Land Trust Plans ‘Liberation Center’ in East New York Warehouse
The two-story industrial building at 161 Jamaica Avenue has had many uses over its 120-plus-year history. It housed a wagon painting business, a radio coil manufacturer, and a shirt making factory. It’s been the headquarters for The American Appliances and Machinery Manufacturing Co. and a place where industrial doors were made. Most recently, cabinets were…
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COPA Reaches Majority Support in City Council Just One Week After Reintroduction
On Thursday, the Community Opportunity to Purchase Act (COPA) secured majority support in the New York City Council only one week after its reintroduction, reaching 26 sponsors—enough support to pass the legislation.
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Council Member Nurse, Tenants, and Community Groups Announce Reintroduction of COPA with Rally at City Hall
Tenants, affordable housing organizations, and elected officials gathered at City Hall on Thursday with NYC Council Member Sandy Nurse to announce the reintroduction of the Community Opportunity to Purchase Act (COPA), landmark legislation aimed at combating displacement, preserving affordable housing, and expanding community ownership amid New York City’s deepening housing crisis.
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Spring into Solidarity!
In our latest newsletter, we share a new national profile of our work advancing community ownership; highlights from the annual “Worst Banks Awards;” our new Fintech Paycheck Extraction Clock; and a major housing victory for low-income tenants and homeowners.
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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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55+ Groups Urge Albany to Boost Funding for CLTs and Community-Controlled Housing in State Budget
On Monday, 55 community groups and advocacy organizations from across New York State delivered a letter to Governor Kathy Hochul, Senate Majority Leader Andrea Stewart-Cousins, Assembly Speaker Carl Heastie, and key state legislators urging $7.5 million in the FY 2027 budget for two critical programs that support community-controlled housing, including community land trusts (CLTs).