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.
Interest in public banking has surged in the wake of the sudden collapse of Silicon Valley Bank and Signature Bank – the second and third largest bank failures in U.S. history – and it is easy to understand why.
Over the past two decades, debt buyers—companies that buy old debts for pennies on the dollar—have filed millions of debt collection lawsuits and obtained millions of default judgments, against low-income New Yorkers, mostly those in predominantly Black and brown neighborhoods.
New York’s 2023 legislative session is underway, and New Economy Project is working with groups statewide to advance a bold policy agenda that builds wealth and power in Black, brown, and immigrant communities.
Learn how New Yorkers are organizing to collectively bring housing under community control.
Meet longtime supporter Celeste Day Moore, who shares her story of why she donates monthly to New Economy Project.
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.
Recently, the New York City Board of Health passed a resolution directing the Health Department to work with other City agencies to eliminate systemic racism in policies relating to housing, economic opportunities, and other social determinants of health – key drivers of health inequities. “The Covid-19 pandemic must render unacceptable that which has been condoned for generations,” emphasized Health Commissioner Dave A. Chokshi.
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 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.