As momentum for public banking builds in New York and across the U.S., New Economy Project and The Vance Center for International Justice present an exciting convening on public banks around the world.
Please join us on Thursday, October 14 at 5:30 p.m., for our fall briefing for New Economy Project’s community of supporters. This quarterly briefing will highlight our groundbreaking work to win a public bank for NYC.
Last Saturday, the local community land trust (CLT) movement joined together for a three-borough day of action, with one united message: New York City must keep Public Land in Public Hands. At community actions in the Bronx, Queens and Brooklyn, groups pointed to vacant and underused City-owned land in their neighborhoods, and called on the City to transfer these sites to CLTs for permanently-affordable housing and community-controlled development.
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.
Our Andy Morrison joined WBAI’s Living for the City to discuss the movement for public banking, community land trusts, and more.
The Lurie Daniel Favors Show — Our Akilah Browne discusses community land trusts and organizing with Lurie Daniel Favors.
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.
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.
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.
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.”