Dozens of community land trust (CLT) organizers, supporters, and community members rallied this morning at City Hall, urging the NYC Council to support a new funding initiative to incubate and expand CLTs in all five NYC boroughs. The proposed initiative, championed by Council Members Donovan Richards and Carlina Rivera, comes at a critical moment, as more than a dozen CLTs are taking root in the South and Northwest Bronx, East Harlem, Brownsville, Jackson Heights, and beyond, to curb displacement and advance community-led development.
WBAI Living for the City — Our Andy Morrison and New York Communities for Change’s Jamie Tyberg speak with host Michael G. Haskins about the Public Bank NYC campaign.
Gotham Gazette — Manhattan City Council Member Carlina Rivera is part of a growing coalition of Council members pushing for city government’s first major commitment to a seldom-utilized affordable housing model. In the face of rapid gentrification, they say, the city should invest $850,000 in Community Land Trusts, or CLTs, in the city budget currently being negotiated.
In These Times — Wall Street bankers in expensive suits stopped and snickered on their lunch breaks June 5, 2018, as an eclectic group of New Yorkers with megaphones and banners called them out for investing in socially destructive industries—including private prisons, predatory lending, weapons manufacturing and, of course, fossil fuels.
CBS News — David Evans, a 59-year-old New Yorker, was making a modest living working as a messenger and enjoying a state tax refund of $150 or $200. But in the last four years, his refund hasn’t been coming through, Evans told CBS News.
City Limits, Op-ed by Yuh-Line Niou and Maureen Genna — A Bloomberg report this month showed that the largest banks in the U.S., led by JPMorgan Chase, are closing branches rapidly in poor neighborhoods, even as they open new ones in affluent communities. In other news: water is wet.
Brooklyn Daily News — As real estate values in Brooklyn have gone through the roof, homeowners in gentrifying black and brown communities in the borough are increasingly being targeted by housing predators, legislators were told on Friday at Brooklyn Borough Hall.
Gothamist — In its original conception, the Consumer Financial Protection Bureau (CFPB) exists to impose oversight on our market such that you, the consumer, don’t get grifted by investors and lenders. Like so many other government institutions, however, the Trump Administration has turned that concept on its head. On Thursday, ahead of a scheduled meeting with the CFBP director, a collection of economic justice groups announced in an open letter that they would not take a seat at the table.
Patch — A few years ago, Brooklyn veteran David Evans got something strange in the mail — a notice that the MTA would be taking hundreds of dollars from his tax returns to pay for tickets from nearly 20 years ago.
Gothamist — While not particularly good at executing major capital projects or managing a budget or even running trains much of the time, the MTA is apparently very adept at squeezing money out of low-income riders.