Today, an obscure public body, the NYC Banking Commission, will decide the fate of billions of public dollars when it meets to select which banks may hold the city’s cash for the next two years. The big question before the Commission is whether the city should resume banking with Wells Fargo after cutting ties with the scandal-ridden bank in 2017.
Community land trusts (CLTs) are on the rise across New York State, working to give communities control over land and housing. New Economy Project recently organized a virtual learning exchange for NYC Community Land Initiative members and two of our upstate CLT neighbors: City Roots CLT, in Rochester, and the Fruit Belt CLT, in Buffalo.
The pandemic has placed the MTA at the center of the news, but its violations of New Yorkers’ civil rights have gone on for years. Through our NYC Financial Justice Hotline, New Economy Project has helped dozens of New Yorkers presenting the same disturbing facts: Without any notice, MTA took their tax refunds to pay old, alleged tickets they didn’t recognize.
New Economy Project was thrilled to connect recently with Africatown Community Land Trust in Seattle, WA, to learn about its work on community land ownership as a tool for reparations and racial justice.
From coast to coast, a growing number of community land trusts (CLTs) are creating deeply-affordable housing, preventing displacement, and advancing self-determination in Black and brown communities. As the COVID-19 crisis exacerbates racial and economic inequality, and leaves millions at risk of eviction and homelessness, this work is more urgent than ever.
Systematic wealth extraction from communities of color hasn’t stopped for the public health crisis caused by COVID-19—and it won’t stop unless we transform our economy.
In the best of times, predatory debt collection is a scourge that siphons wealth from New Yorkers, destabilizes neighborhoods and perpetuates racial and economic inequality. Amid the COVID-19 pandemic, allowing debt collectors to continue to hound New Yorkers and take their money is jeopardizing people’s lives.
New Economy Project and NYC Community Land Initiative recently wrapped up a dynamic, two-year community land trust (CLT) learning exchange for NYC groups. In November, we took our learning on the road, visiting mission-aligned CLTs in the Greater Boston CLT Network – the first in a series of planned visits.
A look inside recent community meetings on public banking in the Bronx, Queens, and Brooklyn.
Seems New Economy Project has struck a nerve. This year, Encore Capital, the country’s largest publicly-traded debt-buying company, blocked us from speaking at its annual shareholder meeting – even though our organization is a full-fledged shareholder in the company.