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