The City Council has passed legislation charting the course for ending New York City’s tax lien sale, and replacing it with an equitable municipal debt collection system that preserves affordable housing and stabilizes Black and brown NYC neighborhoods.
We urge the Council not to introduce legislation reauthorizing the tax lien sale, and work with community partners, including community land trusts (CLTs), to develop an alternative and equitable system to address property tax arrears and, when appropriate, property disposition. The City’s practice of selling municipal debt to a private, investor-backed trust fuels speculation and displacement in Black and brown neighborhoods, siphoning wealth from communities disproportionately harmed by historic inequities like redlining and disinvestment, and now hardest hit by COVID-19…
From coast to coast, a growing number of community land trusts (CLTs) are creating deeply-affordable housing, preventing displacement, and advancing self-determination in Black and brown communities. As the COVID-19 crisis exacerbates racial and economic inequality, and leaves millions at risk of eviction and homelessness, this work is more urgent than ever.
Shelterforce — As state and local economies attempt to reopen, and eviction moratoriums expire, millions of Americans once again face losing their homes. While these moratoriums have temporarily protected renters who may be unemployed and unable to pay rent due to the COVID-19 pandemic, elected officials are waking up to the reality that additional, far-reaching legislation is necessary to prevent widespread eviction, homelessness, and another foreclosure crisis.
City Limits — Housing advocates and elected officials released a new plan Thursday which calls on the de Blasio administration and City Council to support more development of community land trusts, maintain tenant protections, restore the city’s affordable housing budget and create new a path to homeownership.
New Economy Project and NYC Community Land Initiative recently wrapped up a dynamic, two-year community land trust (CLT) learning exchange for NYC groups. In November, we took our learning on the road, visiting mission-aligned CLTs in the Greater Boston CLT Network – the first in a series of planned visits.
Gothamist — A Brooklyn state senator is drafting a bill that would give tenants priority to buy their landlord’s building should the property go up for sale.
The Real Deal — Landlords who want out of the multifamily market after last year’s rent-law shakeup should have to offer their buildings to tenants first, a Democratic state senator says.
New York Daily News — New Yorkers can bank on these companies to do the wrong thing, advocates say.
The six “Worst Banks of 2019” got awards for bad behavior during an inaugural shaming ceremony held Tuesday by a coalition pushing for the creation of a New York City public bank.
El diario — El martes se celebró una ceremonia para premiar a los “peores bancos” de Nueva York. No fue una fiesta sino el escenario en el que una docena de grupos comunitarios volvieron a insistir en la necesidad de que se cree un banco municipal en el que se deposite el dinero de la ciudad y a la vez se invierta en necesidades de los ciudadanos.