New Economy Project’s annual Holiday Party is back! Please join us on Tuesday, December 13, at 5:30 p.m. RSVP today.
Yes! — With $10 trillion in assets at their collective disposal, big banks like Chase and Wells Fargo could do a lot of good. Yet, despite being “too big to fail,” these banks fail people every day. Whether it’s the persistent use of predatory practices, their enduring discrimination, or their insistent investment in exploitative and extractive industries, these formidable financial institutions have a corrosive influence on our country.
Our Associate Director Andy Morrison spoke with Living for the City’s Michael G. Haskins about the campaign to bring a public bank to New York City.
Do you want to see public banking and community land trusts thrive in New York City?
Send a message to your Council Member urging them to pass the “Community Land Act” and the “People’s Bank Act” today.
Thanks to all who joined us for our 2022 Fall Briefing for Supporters. Check out video from the event here.
City and State officials, including NYC Public Advocate Jumaane D. Williams, NYS Senator Jabari Brisport, and NYS Assemblymember Yuh-Line Niou, joined community, labor, and cooperative organizations to present “awards” to New York City’s “Worst Banks of 2022.”
Learn how New Yorkers are organizing to collectively bring housing under community control.
As this year’s corporate-sponsored “Climate Week NYC” sputters on, New Economy Project and the Public Bank NYC coalition released an analysis estimating that NYC’s financial investments and cash deposits in big banks generate 757 kilotons of greenhouse gas emissions (GHG)* annually. This previously unreported figure would represent the second largest source of GHG emissions by sector in city government, if accounted for in the City’s GHG inventory, according to the analysis.
City & State NY — Over the past decade in New York City, a housing shortage, increased investor activity and quickly rising home prices have exacerbated the affordable housing crisis. Today, there are almost no apartments with a monthly rent below $1,500 in the city. Housing advocates and policymakers have been pushing the city to invest in different housing models that prioritize affordability over profit.
Housing Notebook — Our CLT Campaign Organizer Elise Goldin joins Claudia Waterton, a Bronx tenant association president, and host Scott Sommer to discuss tenant-controlled housing and the Tenant Opportunity to Purchase Act (TOPA).