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.
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.
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.
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.
Come out and show your support for Community Land Trusts (CLTs) in NYC! On May 16, CLT organizers, supporters, and community members will rally on the steps of City Hall. Join us as we call on the City Council to support a new funding initiative for CLTs!
WBAI Living for the City — Our Andy Morrison and New York Communities for Change’s Jamie Tyberg speak with host Michael G. Haskins about the Public Bank NYC campaign.
Gotham Gazette — Manhattan City Council Member Carlina Rivera is part of a growing coalition of Council members pushing for city government’s first major commitment to a seldom-utilized affordable housing model. In the face of rapid gentrification, they say, the city should invest $850,000 in Community Land Trusts, or CLTs, in the city budget currently being negotiated.
The proposed citywide CLT initiative will allow groups to build upon exciting progress at a critical moment of opportunity. The initiative will support essential CLT community education and organizing, board and member training, and other start-up costs; build capacity through legal, financial, and technical assistance; and promote coordination among CLTs so they reach a sustainable scale.
More than a decade after the financial meltdown, how secure are New Yorkers from the threat of foreclosure? Our recent issue brief seeks to answer this question, based on our analysis of pre-foreclosure notices that mortgage servicers are required to send homeowners at least 90 days before filing a foreclosure action in New York State courts.