On Monday, May 5, 2025, Cooper Square tenant leaders spoke at the NYC Banking Commission Hearing about what they face from living in buildings funded through many of the banks that have applied to be “NYC designated banks.” These banks want to hold our NYC tax dollars, but tenants described the poor conditions and treatment they’ve lived through because the banks loan to bad-acting landlords. As part of the Public Bank NYC coalition, we also called for the creation of a public bank that will fund community land trusts and other affordable, tenant-owned and controlled housing instead of bad-acting landlords!
The NYC Banking Commission will meet to announce which banks will be designated to profit from our public money for the next two years. Join us as we rally with the Public Bank NYC coalition ahead of the meeting and send a clear message to the city: we must divest from Wall St. and invest in a public bank!
The rally will take place on May 13th, at 9AM, at 1 Centre St. in Manhattan. The NYC Banking Commission meeting and vote will begin at 10 AM.
Please reach out to jodiel@coopersquare.org and confirm you will be attending.
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