March
2022
14
Testimony to NYC Council Committee on Housing & Buildings, Preliminary Budget Hearing for FY2023
I’m pleased to testify today about community land trusts (CLTs), and to urge the Committee to support $3 million in FY2023 funding for the Citywide CLT Initiative. New Economy Project further urges the Committee to advance legislation to strengthen CLTs and expand non-speculative, community- and tenant-controlled housing. In the wake of the pandemic, public investment in CLTs and other forms of social housing will be critical to stabilize housing, combat speculation, and promote a just recovery in low income and Black and brown neighborhoods hardest-hit by the COVID-19 crisis.