Meet longtime supporter Celeste Day Moore, who shares her story of why she donates monthly to New Economy Project.
Thanks to all who joined us for our 2022 Summer Briefing for Supporters. Check out video from the event here.
Brownstoner — “We demand — we ain’t asking no more — we demand that HPD turn this big, gigantic lot over to the community. Give it to the East New York Community Land Trust, let us build on it what the community needs, not free parking for the NYPD.”
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.
A new report from Demos and New Economy Project calls on New York City to establish a public bank to divest city dollars from Wall Street and channel capital to Black and brown communities to promote racial equity and a just recovery.
The City — For the last four years, Queens State Senator James Sanders Jr. has pushed his colleagues in the New York legislature to greenlight public banks: local government-run financial institutions intended to extend credit and generate economic activity in low-income neighborhoods.
Today, community and labor groups from across the state rallied with legislators on the “Million Dollar Staircase” at the New York State Capitol Building, urging swift passage of the “New York Public Banking Act” (S1762B/A8290) this legislative session.
EastNewYork.com — This month, Mayor Eric Adams and Comptroller Brad Lander vowed not to deposit city funds with Wells Fargo, following alarming reports that the bank rejected more mortgage refinancing applications from Black homeowners than it approved in 2020—denying hundreds of New Yorkers the opportunity to lock in lower interest rates and build generational wealth.
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.
Today, 82 local elected officials from 19 cities and counties across New York State delivered a letter to Governor Hochul, Senate Majority Leader Stewart-Cousins, and Assembly Speaker Heastie, urging enactment of the “New York Public Banking Act” (S1762A/A5782) before the end of this year’s legislative session in early June.