In a First, the Public Got to Weigh in on NYC’s Banking Decisions

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 by major banks applying to hold tens of millions of city dollars. Yet the commission promptly approved all of the nearly 30 banks that applied.

NYCHA Expected to Get ‘Significant Majority’ of State Budget Rent Relief Funds

While the total won’t be clear until remaining applications for the Emergency Rental Assistance Program (ERAP) are processed, a majority of the $391 in aid will likely go to the housing authority and other public housing tenants, with $35 million specifically earmarked for NYCHA. Still, thousands of New Yorkers living in public or subsidized housing did not apply for ERAP but continue to struggle with mounting debt.