September
2021
14
New York Focus — Two months ago, Obama-era Treasury Department official Adrienne Harris joined the board of LendingClub, a scandal-plagued online lending company. It was the latest of well over a dozen past and present positions Harris has held at financial technology (“fintech”) firms or related companies, many headquartered in New York.
September
2021
1
Our Andy Morrison joined WBAI’s Living for the City to discuss the movement for public banking, community land trusts, and more.
August
2021
23
The Lurie Daniel Favors Show — Our Akilah Browne discusses community land trusts and organizing with Lurie Daniel Favors.
August
2021
9
New York City is doubling down on a bold strategy to advance community ownership of land and housing in NYC’s Black, brown and immigrant communities. This year, the City Council awarded $1.5 million to support community land trust (CLT) organizing across the five boroughs—its largest allocation since launching the Citywide CLT Initiative in 2019.
July
2021
31
Market Watch — Nearly 6.4 million households owe an estimated $21.3 billion in rent debt, putting them at risk of losing their homes when the national eviction moratorium expires on Saturday.
July
2021
26
New Economy Project’s Co-Director, Deyanira Del Río, testified before the U.S. House Financial Services Committee’s Subcommittee on Consumer Protection and Financial Institutions last week on the growing movement for local public banking in New York. Rep. Alexandria Ocasio-Cortez, who spoke at the hearing—one of the first on public banking in modern American history—said it was a “historic day and a day worth celebrating.”
July
2021
23
Our co-director Deyanira Del Río testifies before the U.S. House Financial Services Committee, Subcommittee on Consumer Protection and Financial Institutions, and answers questions from Representative Alexandria Ocasio-Cortez.
Thanks to all who attended our July 2021 briefing for supporters! Check out video from the briefing here, and stay tuned for more ways to learn about and get involved in our work.
July
2021
9
The Nation — Even as the pandemic devastated New York City, megabanks like JPMorgan Chase and Bank of America continued to do a roaring trade. And now those financial behemoths are set to manage the funds that New York City and other municipalities will be deploying for the recovery. But financial justice advocates want to see the City move its money from the Wall Street titans to a public bank, owned and operated by the people.
June
2021
29
Community and housing activists joined elected officials at a rally at City Hall Park today, as they called for a just budget that includes $1.51 million for the Citywide Community Land Trust (CLT) Initiative to expand community control of land and housing in NYC’s Black, brown and immigrant communities. Funding will support 14 neighborhood-based CLTs organizing across the five boroughs, as well as four citywide technical support organizations.