September
2023
22
This September, New Economy Project co-sponsored two inspiring events that highlighted the community land trust (CLT) movement’s tremendous recent progress – and the urgent public policies needed to further bolster democratic control of land in New York City.
September
2023
18
Brookyln Reader — Community land trusts are expanding across the city, and during a panel at Pratt Institute last week, local leaders in the movement said the trend could mean big things for affordable housing in Brooklyn’s communities of color.
September
2023
12
Community land trusts (CLTs) are organizing across the city to bring land and housing into permanently affordable community control. On this engaging panel discussion, hear from East New York CLT, Mott Haven Port Morris Community Land Stewards, ReAL Edgemere CLT, and others about the CLT movement’s groundbreaking wins – and opportunities to support its continued growth.
September
2023
8
The Architect’s Newspaper — New York City has historically been a city at the front lines of housing justice and tenant activism. One of the entities at the forefront of this are Community Land Trusts (CLTs), of which there are 15 of in the city. Today, CLTs and alliances working alongside them are working hard to pass the Community Land Act (CLA), a proposed legislative package aimed to give CLTs more power (or really, level the playing field) when buying land or buildings.
July
2023
21
A debt collector obtained a default judgment against Sharae Banks through fraud, falsely claiming that it had properly notified her when it sued her years earlier. A lower court then barred Ms. Banks from challenging the default judgment, upholding the debt collector’s blatant violations of her basic due process rights. New Economy Project has filed an appeal, joined by co-counsel and amicus NYS Attorney General Letitia James, to reverse the ruling.
July
2023
14
The Brian Lehrer Show — As this year’s budget season comes to a close in New York City, Tousif Ahsan, Public banking campaign organizer at the New Economy Project, and James Parrott, Director of economic and fiscal policies at the Center for New York City Affairs at the New School, explain the findings of a new report that shows how holding city money in a public bank could uplift the local economy, create jobs, tackle the affordable housing crisis, and move us forward on the path for a more sustainable and economically just future.
July
2023
10
Gothamist — New York City is missing out on thousands of new affordable apartments and billions of dollars in local investments without a publicly owned bank to deposit its cash, according to an analysis by the city’s former chief economist and fellow researchers.
July
2023
2
Norwood News — At a public meeting billed as a “Boroughwide Town Hall on Public Banking,” representatives from ten Bronx-based groups joined various elected officials to push for State and City legislators to build upon efforts to promote worker-owned businesses, increase community land trusts, and facilitate access to more local credit unions as an alternative to big commercial banks.
June
2023
28
A federal court granted preliminary approval of a settlement in a class action lawsuit charging the New York City Transit Authority (NYCTA), an arm of the Metropolitan Transportation Authority (MTA), with aggressively going after thousands of New Yorkers for alleged debts in violation of their constitutional due process rights.
June
2023
22
This year’s legislative session followed an all-too-familiar pattern of monied interests driving the state’s legislative agenda at the expense of working class New Yorkers. Our coalition strongly denounces Albany’s failure to enact the New York Public Banking Act (S1754/A3352), which would create a framework for local public banks that would leverage public deposits toward investments in affordable housing, small and worker-owned businesses, renewable energy, and other urgent needs in low-income communities and historically-redlined Black and brown neighborhoods.