Although public banking is an unfamiliar concept to many here in the United States – there’s only one notable example, the Bank of North Dakota – public banks are common throughout the world.
Consumer Reports — As a Type 1 diabetic, Sarah Stark expects to have to cope with a lot of medical bills. But one hassle that’s taken her by surprise is dealing with debt collectors. Earlier this year, she says, a debt collector claimed she owed a medical bill that she had already paid.
Queens Daily Eagle — A new housing wave may soon hit the Rockaways, and Councilmember Donovan Richards, who represents the area, wants to make sure that it doesn’t wipe out ordinary New Yorkers and low-income families.
Fast Company — For the latter half of 2016, the Standing Rock Sioux and activist allies from all over the country camped out in North Dakota to protest the construction of the Dakota Access Pipeline, which was likely to harm their native lands through an invasive engineering process and inevitable oil spills.
Community and affordable housing activists are celebrating NYC Council’s announcement of $870,000 in FY2020 discretionary funding for community land trusts (CLTs) across NYC. The funding will help incubate and expand CLTs to develop permanently-affordable housing and curb displacement in low-income NYC neighborhoods.
A dangerous bill that would deregulate New York check cashers and open the door to predatory practices is moving quickly in the NYS legislature. Take action now to oppose S.5423 (Sepúlveda) / A.7393A (De La Rosa)
Curbed NY — The latest city budget includes $750,000 to grow an underutilized housing model that creates affordable homes in rapidly gentrifying communities—a major win for housing advocates.
City Limits — Over a dozen stakeholders and community-based organizations along with a group of elected officials are seeking monetary support for an initiative to help community land trusts get going or hit stride.
Today, members of the Public Bank NYC coalition rallied at a meeting of the NYC Banking Commission to call on the City of New York to divest from banks that harm New Yorkers and NYC neighborhoods, and to invest in communities through a public bank.
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.