February
2023
10
American Banker — New York City will now require banks that want to hold city deposits to provide detailed plans about what they’re doing to root out discrimination in their lending and employment practices.
February
2023
9
Next City — New York City is inching closer to passing crucial legislation that would strengthen its community land trust movement. A bill that would give nonprofits and community land trusts the right of first refusal when a private landlord sells residential housing has enough co-sponsors to become law, as does another piece of legislation requiring the city to prioritize nonprofits when developing public land for public use.
February
2023
8
NY State of Politics – Supporters of a measure meant to create public banks in New York state in communities that lack basic financial institutions are making a renewed push this year for plan.
January
2023
11
City & State NY Opinion – Last month, New York’s Climate Action Council voted to approve a framework for meeting goals mandated in the state’s landmark 2019 Climate Leadership and Community Protection Act. The plan recommends ambitious policy changes to reduce greenhouse gas emissions by 40% in the next seven years and 85% by 2050. Now, it’s up to Gov. Hochul, the Legislature, and state agencies to implement the plan.
January
2023
1
Check out the new two-page snapshot highlighting some of New Economy Project’s work, events, and media coverage during 2022!
December
2022
5
New Economy Project founder and co-director Sarah Ludwig and For The Many’s Brahvan Ranga speak with David Lombardo about the NYS Community Equity Agenda’s 2023 policy platform and the upcoming Albany legislative session. Listen here.
December
2022
2
New Economy Project Founder and Co-Director Sarah Ludwig speaks with Susan Arbetter about the NYS Community Equity Agenda’s 2023 Policy Platform
November
2022
10
Yes! — With $10 trillion in assets at their collective disposal, big banks like Chase and Wells Fargo could do a lot of good. Yet, despite being “too big to fail,” these banks fail people every day. Whether it’s the persistent use of predatory practices, their enduring discrimination, or their insistent investment in exploitative and extractive industries, these formidable financial institutions have a corrosive influence on our country.
November
2022
2
Our Associate Director Andy Morrison spoke with Living for the City’s Michael G. Haskins about the campaign to bring a public bank to New York City.
August
2022
25
City & State NY — Over the past decade in New York City, a housing shortage, increased investor activity and quickly rising home prices have exacerbated the affordable housing crisis. Today, there are almost no apartments with a monthly rent below $1,500 in the city. Housing advocates and policymakers have been pushing the city to invest in different housing models that prioritize affordability over profit.