Impact Alpha News Today : Breaking News, Live Updates & Top Stories | Vimarsana

New state legislation in New York would – if passed – create the Bank of Rochester, modeled after the Bank of North Dakota.

Property tax systems are how most of us pay for local government. Even if we don’t own our own homes or commercial spaces, landlords typically pass through the cost of property taxes to tenants. Local property tax systems in turn play a huge role in planning, zoning, placemaking, and capital improvement planning.  Upon closer inspection, property tax systems everywhere overburden some communities while under-burdening others. The pattern of those communities is one familiar to many — it’s the pattern of redlining. Property tax systems have been helping preserve racial di...

The federal CRA is suddenly everything everywhere all at once. Let's break it down.

For decades Chinatowns all over North America have been at the vanguard of community ownership. These neighborhoods were established during a time when East Asian communities faced discrimination elsewhere, leading families and merchants to band together. They collectively acquired properties to provide homes and spaces for their businesses, fostering a sense of unity and belonging. However, these CLTs now confront new challenges, from aging buildings to the allure of these properties to external investors. The close proximity of Chinatowns to downtown areas brings both rising property taxes a...

Join Next City as we explore Chinatown community land trusts' vibrant histories and promising futures.