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