f{"id":26243,"date":"2023-04-30T12:56:11","date_gmt":"2023-04-30T19:56:11","guid":{"rendered":"https:\/\/occupysf.net\/?p=26243"},"modified":"2023-04-30T12:56:12","modified_gmt":"2023-04-30T19:56:12","slug":"what-a-municipal-public-bank-can-do-for-los-angeles-and-its-people","status":"publish","type":"post","link":"https:\/\/occupysf.net\/index.php\/2023\/04\/30\/what-a-municipal-public-bank-can-do-for-los-angeles-and-its-people\/","title":{"rendered":"What a Municipal Public Bank Can Do for Los Angeles and its People"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"454\" src=\"https:\/\/occupysf.net\/wp-content\/uploads\/2023\/04\/image-46-1024x454.png\" alt=\"\" class=\"wp-image-26244\" srcset=\"https:\/\/occupysf.net\/wp-content\/uploads\/2023\/04\/image-46-1024x454.png 1024w, https:\/\/occupysf.net\/wp-content\/uploads\/2023\/04\/image-46-300x133.png 300w, https:\/\/occupysf.net\/wp-content\/uploads\/2023\/04\/image-46-150x67.png 150w, https:\/\/occupysf.net\/wp-content\/uploads\/2023\/04\/image-46-768x341.png 768w, https:\/\/occupysf.net\/wp-content\/uploads\/2023\/04\/image-46-250x111.png 250w, https:\/\/occupysf.net\/wp-content\/uploads\/2023\/04\/image-46.png 1026w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Los Angeles consultants release the first paper of a report series outlining viable approaches for establishing and administering a Los Angeles&nbsp;public bank<\/strong>On April 20, Jain Family Institute (JFI) and Berggruen Institute released an&nbsp;<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/publicbankinginstitute.us20.list-manage.com\/track\/click?u=1e32ea6ff727c01612aad3ae1&amp;id=6ca19498bd&amp;e=2f2ed55557\">introductory working paper<\/a>, the first in a&nbsp;<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/publicbankinginstitute.us20.list-manage.com\/track\/click?u=1e32ea6ff727c01612aad3ae1&amp;id=c029c3a6bd&amp;e=2f2ed55557\">joint report series<\/a>&nbsp;that is aimed at providing&nbsp;the&nbsp;city with a template for the programs and administrative structure of a municipal public bank that can best serve the public interest. These reports were initiated by Los Angeles City Council&#8217;s unanimous approval&nbsp;in October 2021 to request proposals for a&nbsp;viability study and business plan for such a bank.<br><br>The paper released provides a&nbsp;summary analysis of lending programs that:create more affordable housing through:lower-cost debt for constructionan acquisition fund to preserve&nbsp;affordable housingexpansion of low to moderate-income homebuyer assistanceempower worker ownership of small business;accelerate the green energy transition through loans for retrofits and utility-scale investment.&nbsp;The remaining reports are scheduled to be released through May of this year.&nbsp;[<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/publicbankinginstitute.us20.list-manage.com\/track\/click?u=1e32ea6ff727c01612aad3ae1&amp;id=4162c42ecc&amp;e=2f2ed55557\">read the paper<\/a>]<br>[<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/publicbankinginstitute.us20.list-manage.com\/track\/click?u=1e32ea6ff727c01612aad3ae1&amp;id=71e54c495d&amp;e=2f2ed55557\">read CBS Los Angeles news coverage<\/a>]<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Los Angeles consultants release the first paper of a report series outlining viable approaches for establishing and administering a Los Angeles&nbsp;public bankOn April 20, Jain Family Institute (JFI) and Berggruen Institute released an&nbsp;introductory working paper, the first in a&nbsp;joint report series&nbsp;that is aimed at providing&nbsp;the&nbsp;city with a template for the&#8230; <a class=\"continue-reading-link\" href=\"https:\/\/occupysf.net\/index.php\/2023\/04\/30\/what-a-municipal-public-bank-can-do-for-los-angeles-and-its-people\/\"> Continue reading <span class=\"meta-nav\">&rarr; <\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[522],"class_list":["post-26243","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-l-a-public-bank"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What a Municipal Public Bank Can Do for Los Angeles and its People -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/occupysf.net\/index.php\/2023\/04\/30\/what-a-municipal-public-bank-can-do-for-los-angeles-and-its-people\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What a Municipal Public Bank Can Do for Los Angeles and its People -\" \/>\n<meta property=\"og:description\" content=\"Los Angeles consultants release the first paper of a report series outlining viable approaches for establishing and administering a Los Angeles&nbsp;public bankOn April 20, Jain Family Institute (JFI) and Berggruen Institute released an&nbsp;introductory working paper, the first in a&nbsp;joint report series&nbsp;that is aimed at providing&nbsp;the&nbsp;city with a template for the... 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