Press Releases

September

2022

22

New Analysis Reveals NYC’s Banking Activities Take Massive Hidden Toll on Climate

As this year’s corporate-sponsored “Climate Week NYC” sputters on, New Economy Project and the Public Bank NYC coalition released an analysis estimating that NYC’s financial investments and cash deposits in big banks generate 757 kilotons of greenhouse gas emissions (GHG)* annually. This previously unreported figure would represent the second largest source of GHG emissions by sector in city government, if accounted for in the City’s GHG inventory, according to the analysis.

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April

2022

14

Community Groups, Elected Officials Rally at City Hall for Community Land Trust Funding, Legislation to Stabilize Housing and Combat Speculation

Community and housing activists joined Council Member Carlina Rivera and Council Member Sandy Nurse, Comptroller Brad Lander, and other elected officials at a rally at City Hall to call for increased support for community land trusts (CLTs), to shield land and housing from speculation in the wake of the pandemic. Groups called for strong public investment in CLTs and policymaking to stabilize housing and promote a just recovery in Black and brown neighborhoods hardest-hit by the COVID-19 crisis.

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January

2022

24

Groups Urge NY Senate to Oppose Gov. Hochul’s Nomination for Supt. of Financial Services, as Confirmation Process Begins

As the New York Senate prepares for hearings this week on Governor Hochul’s nomination of Adrienne Harris for Superintendent of the NYS Department of Financial Services, racial and economic justice groups delivered a letter to Majority Leader Andrea Stewart-Cousins, urging the Senate to conduct a rigorous examination of Ms. Harris’ record and experience.

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December

2021

15

New Analysis Shows NYC Set to Squander 3,600 Potential Units of Affordable Housing, in Friday’s Tax Lien Sale

Ahead of the City’s tax lien sale this Friday, the Abolish the NYC Tax Lien Sale Coalition released a new analysis revealing the lien sale list includes 392 vacant lots that could support the development of over 3,600 affordable housing units. This represents a recurring missed opportunity for the City to partner with community land trusts (CLTs) to acquire these vacant lots and develop deeply-affordable housing for low-income New Yorkers, the organization said. 

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November

2021

18

Coalition of 40+ Community & Labor Groups Releases 5-Point Platform for a Community-Led Recovery, Racial and Economic Justice in NY

This afternoon the NYS Community Equity Agenda, a coalition of more than 40 community, labor, and civil rights groups, cooperative organizations, and community development financial institutions from across New York, released its policy priorities for 2022.

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