{"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
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Los Angeles consultants release the first paper of a report series outlining viable approaches for establishing and administering a Los Angeles public bank<\/strong>On April 20, Jain Family Institute (JFI) and Berggruen Institute released an introductory working paper<\/a>, the first in a joint report series<\/a> that is aimed at providing the 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’s unanimous approval in October 2021 to request proposals for a viability study and business plan for such a bank.

The paper released provides a summary analysis of lending programs that:create more affordable housing through:lower-cost debt for constructionan acquisition fund to preserve 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. The remaining reports are scheduled to be released through May of this year. [read the paper<\/a>]
[read CBS Los Angeles news coverage<\/a>]<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"

Los Angeles consultants release the first paper of a report series outlining viable approaches for establishing and administering a Los Angeles public bankOn April 20, Jain Family Institute (JFI) and Berggruen Institute released an introductory working paper, the first in a joint report series that is aimed at providing the city with a template for the… Continue reading → <\/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],"_links":{"self":[{"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/posts\/26243"}],"collection":[{"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/comments?post=26243"}],"version-history":[{"count":1,"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/posts\/26243\/revisions"}],"predecessor-version":[{"id":26245,"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/posts\/26243\/revisions\/26245"}],"wp:attachment":[{"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/media?parent=26243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/categories?post=26243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/tags?post=26243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}