At a a recent hearing, members of the NYC Banking Commission heard from advocates who described redlining, predatory and discriminatory lending practices, and substantial investments in the fossil fuel industry…
A Council hearing Wednesday discussed three bills and a resolution all looking to increase transparency around where the city does its banking—what advocates say would be the first steps towards…
It’s been the city’s practice for two decades to sell property-tax debts to a private trust, generating revenue for the city and for investors—but, advocates say, hurting low-income homeowners.
Thanks to city policy, $3,200 in tax arrears became a $500,000 debt and a community garden was ravaged. A sale of similar tax liens is scheduled for this week.
