A system to replace NYC’s tax lien sale should advance critical affordable housing and equitable development goals. This report outlines a framework through which New York City can enforce the collection of property tax arrears and other debts, in ways that prevent the displacement of vulnerable homeowners, preserve affordable rental units, and expand the pipeline of properties for new development.
Do you want to see public banking and community land trusts thrive in New York City?
Send a message to your Council Member urging them to pass the “Community Land Act” and the “People’s Bank Act” today.
Learn how New Yorkers are organizing to collectively bring housing under community control.
City & State NY — Over the past decade in New York City, a housing shortage, increased investor activity and quickly rising home prices have exacerbated the affordable housing crisis. Today, there are almost no apartments with a monthly rent below $1,500 in the city. Housing advocates and policymakers have been pushing the city to invest in different housing models that prioritize affordability over profit.
Housing Notebook — Our CLT Campaign Organizer Elise Goldin joins Claudia Waterton, a Bronx tenant association president, and host Scott Sommer to discuss tenant-controlled housing and the Tenant Opportunity to Purchase Act (TOPA).
City Limits — New York City community land trusts and nonprofit developers could get the first crack at securing publicly-owned land for affordable housing under a new bill introduced by Brooklyn Councilmember Lincoln Restler Thursday.
Brownstoner — “We demand — we ain’t asking no more — we demand that HPD turn this big, gigantic lot over to the community. Give it to the East New York Community Land Trust, let us build on it what the community needs, not free parking for the NYPD.”
In her State of the City address last week, Council Speaker Adrienne Adams called for $4 billion in next year’s City budget for affordable housing, nearly tripling Mayor Eric Adams’s proposed investment.
In her State of the City address last week, Council Speaker Adrienne Adams called for an additional $4 billion in next year’s City budget for affordable housing, nearly tripling Mayor Eric Adams’ proposed investment.
City Limits — The New York City Council is once again considering a bill to curb speculation by giving nonprofits and community land trusts first dibs on residential properties that come up for sale.