News & Events

Dozens of community land trust (CLT) organizers, supporters, and community members rallied this morning at City Hall, urging the NYC Council to support a new funding initiative to incubate and expand CLTs in all five NYC boroughs. The proposed initiative, championed by Council Members Donovan Richards and Carlina Rivera, comes at a critical moment, as more than a dozen CLTs are taking root in the South and Northwest Bronx, East Harlem, Brownsville, Jackson Heights, and beyond, to curb displacement and advance community-led development.

In this episode of Let’s Be Real, we speak with two organizers—Fahd Ahmed from DRUM (Desis Rising Up and Moving), and Sasha Wijeyeratne from CAAAV: Organizing Asian Communities—from the Neighbors Beyond Amazon coalition. Reflecting on the landmark victory to keep Amazon’s second headquarters, or HQ2, out of New York, Fahd and Sasha discuss the power of community organizing, what this victory means for the communities and members that work with their organizations, and what’s next for the coalition as they continue to fight for economic development that prioritizes people over corporations.

Gotham Gazette — Manhattan City Council Member Carlina Rivera is part of a growing coalition of Council members pushing for city government’s first major commitment to a seldom-utilized affordable housing model. In the face of rapid gentrification, they say, the city should invest $850,000 in Community Land Trusts, or CLTs, in the city budget currently being negotiated.

In These Times — Wall Street bankers in expensive suits stopped and snickered on their lunch breaks June 5, 2018, as an eclectic group of New Yorkers with megaphones and banners called them out for investing in socially destructive industries—including private prisons, predatory lending, weapons manufacturing and, of course, fossil fuels.

New Economy Project recently sat down with Pablo DeFilippi and Rene Vargas Martinez from Inclusiv to learn about their work supporting financial cooperatives (or “cooperativas”) in Puerto Rico. While mainstream banks have been widely criticized for abandoning the Island or profiting off disaster, the cooperativas have been central to Puerto Rico’s resilience and recovery. The […]

Gothamist — In its original conception, the Consumer Financial Protection Bureau (CFPB) exists to impose oversight on our market such that you, the consumer, don’t get grifted by investors and lenders. Like so many other government institutions, however, the Trump Administration has turned that concept on its head. On Thursday, ahead of a scheduled meeting with the CFBP director, a collection of economic justice groups announced in an open letter that they would not take a seat at the table.