Press Releases

May

2020

8

1,000+ New Yorkers Gather for Urgent Town Hall Calling for Public Banking to Ensure a Just COVID-19 Recovery

New York, NY – Yesterday, a broad coalition of community, labor, cooperative, environmental and economic justice groups convened a virtual town hall highlighting public banking as an essential strategy for ensuring a just COVID-19 recovery. The timely event, entitled “From Crisis to Recovery: NY’s Fight for Public Banking,” engaged more than 1,000 New Yorkers  and featured presentations by NYC-based movement leaders and guest Kali Akuno of Cooperation Jackson.

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April

2020

21

Shareholders Charge Citibank with Exacerbating the COVID-19 Crisis and Fueling Climate Change, at Annual Meeting

At Citigroup’s “2020 Annual Stockholders’ Meeting” today, New Economy Project will confront Citi executives about the bank’s undisclosed funding of corporate lobbying by the U.S. Chamber of Commerce and other industry associations. The group will challenge Citi for supporting destructive lobbying agendas that further jeopardize public health during the COVID-19 crisis and that fuel climate change – directly contradicting Citi’s public statements in these areas and harming frontline communities, in particular.

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April

2020

20

Statement on Attorney General James’ Guidance Blocking Banks And Debt Collectors From Garnishing Stimulus Checks

“We applaud Attorney General James for issuing strong guidance making clear that emergency stimulus payments authorized by the CARES Act are exempt from garnishment under New York law. Her commitment to aggressively prosecute any creditor or debt collector that garnishes New Yorkers’ stimulus payments is an example of the kind of leadership we need from our elected officials during the COVID-19 pandemic.

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February

2020

6

Statement on Mayor de Blasio’s Commitment to Expand Community Land Trusts in NYC

New Economy Project welcomes Mayor de Blasio’s announcement in today’s “State of the City” address that the Administration will expand support for community land trusts in New York City, as part of his “Blueprint to Save Our City.” The announcement comes after years of work by New Economy Project and partners to advance CLTs in NYC, as a key strategy for advancing racial and economic justice and building community wealth.

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September

2019

12

Public Bank NYC Awarded $276,000 From Rosin Fund

Public Bank NYC announced today that it has received a three-year, $276,000 grant from the Scherman Foundation’s Katharine S. and Axel G. Rosin Fund. The award supports the coalition’s campaign for a municipal public bank in New York City, and represents the first major grant that Public Bank NYC has received for its members since its launch in summer 2018.

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September

2019

10

NYC Comptroller Scott M. Stringer: Abolish Mandatory Surcharges and Forgive Outstanding Court Debt to End Criminalization of Poverty within the Justice System

NYC Comptroller — Today, New York City Comptroller Scott M. Stringer proposed a comprehensive roadmap to tackle the next frontier in decarceration: a maze of onerous mandatory surcharges and service fees, which represents an all-but-hidden secondary form of punishment for those involved in the justice system, inhibits re-entry for formerly incarcerated individuals, foments recidivism, and burdens families for years beyond a formal prison term.

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June

2019

21

Victory! NYC Funds Community Land Trusts in City Budget

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.

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May

2019

16

Community Groups, Housing Activists, and Electeds Call on NYC to Take Bold Action to Tackle The Housing Crisis by Supporting Community Land Trusts

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.

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