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.
New Economy Project and co-counsel at The Law Office of Ahmad Keshavarz filed a federal lawsuit this month, on behalf of Bronx resident Jose Crespo, against Gutman, Mintz, Baker, and Sonnenfeldt (GMBS), a Long Island-based debt collection law firm that has for years engaged in predatory and unlawful practices that harm low-income New Yorkers.
A new report from Demos and New Economy Project calls on New York City to establish a public bank to divest city dollars from Wall Street and channel capital to Black and brown communities to promote racial equity and a just recovery.
Today, 82 local elected officials from 19 cities and counties across New York State delivered a letter to Governor Hochul, Senate Majority Leader Stewart-Cousins, and Assembly Speaker Heastie, urging enactment of the “New York Public Banking Act” (S1762A/A5782) before the end of this year’s legislative session in early June.
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.
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.
Today, 150 organizations from across New York State delivered a letter to state legislative leaders urging swift passage of the “New York Public Banking Act” (S1762A/A5782) to advance racial equity and ensure a just recovery for all New Yorkers.
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.
On Tuesday, representatives of community, labor and cooperative groups in the Public Bank NYC coalition were joined by city and state elected officials at a rally on Wall Street to unveil an ambitious legislative agenda to bring public banking to New York in 2022.
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.