Episode Details

Back to Episodes
East New York Trust Buys First Commercial Property | New York City News

East New York Trust Buys First Commercial Property | New York City News

Published 3 weeks, 3 days ago
Description

East New York’s Community Land Trust just pulled off a historic win—buying a Jamaica Avenue warehouse for $2.3 million to become its new HQ, turning it into a vibrant hub for local businesses, co-ops, and artists. This marks the first time an NYC community land trust has purchased commercial property directly from the open market, not government or nonprofit sources. It’s a bold move in the fight against displacement, as the trust aims to anchor affordable housing and community ownership in a neighborhood under threat from soaring high-rises. Rooted in the 1969 Black farmers’ movement, these trusts now number over 200 nationwide—including 20 in NYC—and are pushing for the Community Opportunity to Purchase Act, which would let them buy distressed properties before they hit the open market. In East New York and beyond, this isn’t just about housing—it’s about keeping communities rooted, thriving, and truly owned by those who live there.

Listen in comfort:
Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn.

Advertise on DNN:
advertise@thednn.ai

This is an automated, high-level news summary based on public reporting.
Report issues to feedback@thednn.ai.

View sources & latest updates:
https://sources.thednn.ai/9359f0fb559af598

Listen Now

Love PodBriefly?

If you like Podbriefly.com, please consider donating to support the ongoing development.

Support Us