Oscar Perry Abello @oscarthinks.bsky.social · 07/08/2026New York City: Let’s tax the rich. Finally. The rich: I don’t have time to prove I live here most of the time but I do have time to *file a lawsuit* www.wsj.com/us-news/new-...wsj.comNew York City Homeowners Sue Over Mamdani’s Pied-à-Terre Tax RolloutThe lawsuit represents an early test of the mayor’s housing levy. 000
Reposted by Oscar Perry AbelloJonathan Welle @wellejonathan.bsky.social · 03/08/2026Excellent reporting I find nowhere else on a pressing issue. Hats off to @oscarthinks.bsky.social 032
Oscar Perry Abello @oscarthinks.bsky.social · 22/07/2026Join us next Wednesday to hear more, including how it's going, how they are expanding the credit union regionally, and why it matters for cities of all sizes. nextcity.org/events/detai...nextcity.orgHow Community-Driven Banks Make Better CitiesLearn from bank leaders and their collaborators on meet the needs of their community members — and adapt this model for your own institution. 000
Oscar Perry Abello @oscarthinks.bsky.social · 22/07/2026Earlier this year I covered Finanta's first branch opening in Philly. nextcity.org/features/nor...nextcity.orgNorth Philly Has a New Option To Invest in a Future It Sees For ItselfMore than just a place to open bank accounts for communities that are underbanked, this new branch invites a community to help finance its collective future. 100
Oscar Perry Abello @oscarthinks.bsky.social · 22/07/2026But that wasn't enough. In 2022, Finanta chartered a credit union, inviting the communities it serves to invest in themselves. nextcity.org/urbanist-new...nextcity.orgSomebody Actually Started A New Credit Union. Here’s How They Did It.A rare new credit union embodies the original, long-forgotten vision for community development finance. 100
Oscar Perry Abello @oscarthinks.bsky.social · 22/07/2026Finanta has made $580 million in loans and investments since inception in 1992. Of that, 86% has been loaned or invested in borrowers or businesses located in low-income communities, and 64% has gone to borrowers of color. 100
Oscar Perry Abello @oscarthinks.bsky.social · 21/07/2026More about Lower East Side People's origins and impact in my story today for @nextcity.org nextcity.org/urbanist-new...nextcity.orgThe Community Organizer’s Community Development Credit UnionOn Manhattan’s Lower East Side, a landmark local financial cooperative celebrates 40 years of communities investing in themselves. 000
Oscar Perry Abello @oscarthinks.bsky.social · 21/07/2026But more important than mere dollars, that investment reflects the dreams & aspirations of its 9,000 member-owners, many of whom are still low-income residents of public housing & limited-equity housing co-ops on the LES as well as East Harlem, the Bronx and yes even Staten Island. 100
Oscar Perry Abello @oscarthinks.bsky.social · 21/07/2026Lower East Side People's Federal Credit Union is a landmark example of that tradition. This year it celebrated its 40th birthday, and it's still making its mark as a conduit for investment, making more than $150M in loans over its first 40 years. 100
Oscar Perry Abello @oscarthinks.bsky.social · 21/07/2026Once upon a time, in the wake of financial institutions abandoning certain communities because of race or class, community organizers in those communities started their own institutions to replace them — instead of waiting for larger institutions to figure out how to serve their neighborhoods. 100
Oscar Perry Abello @oscarthinks.bsky.social · 17/07/2026In my latest for @nextcity.org, a quick look at some of these less-talked-about changes from the new law. nextcity.org/urbanist-new...nextcity.orgNewly-Passed Housing Reforms Includes Key Changes for Local LendersThe bipartisan Road to Housing Act law will strengthen community banks and CDFIs, in turn helping lower Americans’ housing costs. 000
Oscar Perry Abello @oscarthinks.bsky.social · 17/07/2026It's been a long time since any policy changes that actually centered community banks. The new housing act includes changes that practitioners and advocates say will empower local lenders to finance more housing that people can afford & more economic opportunities that actually pay living wages. 110
Oscar Perry Abello @oscarthinks.bsky.social · 26/06/2026Hey #AAJA26 if you bought my book at the conference bookstore come find me later and I can sign it for you 🖊️ I’ll be at the Northeast chapters mixer tonight Or come to our solutions journalism session tomorrow at 9am 020
Oscar Perry Abello @oscarthinks.bsky.social · 20/06/2026What’s the over/under on how many #knicks #mermaids today? 🔵🟠🗽🧜♀️🧜♂️ 000
Oscar Perry Abello @oscarthinks.bsky.social · 11/06/2026“when local news disappears…municipal borrowing costs rise. Without journalists monitoring local officials, the risk of wasteful spending and corruption increases. Lenders respond by charging higher interest rates…” www.rebuildlocalnews.org/new-report-r...rebuildlocalnews.orgNew Report Reveals Local News Shortage is Costing Communities $1.1 Billion a YearResearchers link expanding news deserts to higher borrowing costs for local governments, based on analysis of bond‑market data. 020
Oscar Perry Abello @oscarthinks.bsky.social · 01/05/2026Here was my recent coverage of what happened that led up to federal regulators seizing control of the credit union in January and some of the parallels to another closure of a Black-led credit union more than a decade ago. nextcity.org/urbanist-new...nextcity.orgWhy Are Federal Regulators Trying To Take Away This Credit Union?People Trust Community Federal Credit Union gave Little Rock's underbanked Black entrepreneurs a home. Now federal regulators have seized it — and industry leaders say they've seen this before. 010
Oscar Perry Abello @oscarthinks.bsky.social · 01/05/2026People Trust will continue on as a non-depository loan fund that continues to have an important impact on its community in Little Rock, Arkansas. But a huge component that was to fuel and extend that impact, is now gone. 110
Oscar Perry Abello @oscarthinks.bsky.social · 01/05/2026The story of People Trust and Arlo Washington had served as a reminder to many of why this work still matters and remains necessary in the face of everything that's going on around the country and the world. 110
Oscar Perry Abello @oscarthinks.bsky.social · 01/05/2026Yesterday, the NCUA announced the involuntary liquidation of People Trust Community Federal Credit Union. Unfortunate news for what had been, and in some ways still remains, a bright beacon in a time of uncertainty and turmoil in the world of community development finance. 121
Reposted by Oscar Perry AbelloHeather Boyer @hboyer.bsky.social · 25/04/2026Some of our amazing @islandpress.bsky.social authors are coming to our booth (#308) at APA. Danielle Arigoni (pictured). Sun: 10:00 John Zeanah, 11:00 Oscar Perry Abello; Mon: 10:00 Don Elliott #NPC26 @daniellearigoni.bsky.social @oscarthinks.bsky.social 021
Reposted by Oscar Perry AbelloLucas Grindley @lucasgrindley.bsky.social · 15/04/2026I hope that other national and local outlets are paying attention to what's happening to this credit union in Arkansas. @oscarthinks.bsky.social does an expert job of explaining for @nextcity.org.nextcity.orgWhy Are Federal Regulators Trying To Take Away This Credit Union?People Trust Community Federal Credit Union gave Little Rock's underbanked Black entrepreneurs a home. Now federal regulators have seized it — and industry leaders say they've seen this before. 051
Oscar Perry Abello @oscarthinks.bsky.social · 30/03/2026Some encouraging news from this developing situation for the Mission and all those who see Jackie Fielder as a key leader on public banking and progressive issues more broadly. bsky.app/profile/miss... 000
Oscar Perry Abello @oscarthinks.bsky.social · 28/03/2026Best wishes for Jackie Fielder’s health and hoping she recovers soon. 210
Oscar Perry Abello @oscarthinks.bsky.social · 28/03/2026nextcity.org/urbanist-new...nextcity.orgThe Organizers and Officials Behind San Francisco’s Push for a Public BankA city-owned public bank that would hold local taxpayer dollars and finance affordable housing and other public needs that conventional banks aren’t meeting. 110
Oscar Perry Abello @oscarthinks.bsky.social · 28/03/2026Tough news for supporters of public banking in San Francisco and to some extent elsewhere. Jackie Fielder has been a leader on this issue for the past decade or so. 110
Oscar Perry Abello @oscarthinks.bsky.social · 26/03/2026Is it possible that the loudest/most influential and most well funded abundance groups have real estate industry funders who A) they are afraid of pissing off and/or B) are actively squashing any potential such positioning on those policies? 110
Reposted by Oscar Perry AbelloA Public Affair @apublicaffair.bsky.social · 25/03/2026🎙️Behind strong communities are strong community banks, but there aren't enough of them. On today's show Dan Morgan of the Bank of North Dakota and @oscarthinks.bsky.social discuss the future of public banking. Listen here: www.wortfm.org/banking-is-t...wortfm.orgBanking Is Too Important to Leave to the Bankers - WORT-FM 89.9Zoe Sullivan is in conversation with Don Morgan and Oscar Perry Abello about the benefits of public banking. 011
Oscar Perry Abello @oscarthinks.bsky.social · 25/03/2026Have a listen and tell me what you think! www.wortfm.org/banking-is-t...wortfm.orgBanking Is Too Important to Leave to the Bankers - WORT-FM 89.9Zoe Sullivan is in conversation with Don Morgan and Oscar Perry Abello about the benefits of public banking. 000
Oscar Perry Abello @oscarthinks.bsky.social · 25/03/2026I talked about how a small but growing number of activists and policymakers see BND as a model worth emulating in places that could not be more different than North Dakota as a way to help local banks and credit unions compete in the era of Too Big To Fail™ banks. 100
Oscar Perry Abello @oscarthinks.bsky.social · 25/03/2026Don talked about how the Bank of North Dakota partners w/ community banks & credit unions across the state to make credit more accessible & more affordable to farmers & local business owners, not to mention small towns & rural counties who may not have much access to municipal bond markets. 100
Oscar Perry Abello @oscarthinks.bsky.social · 25/03/2026So much fun joining host Zoe Sullivan for today's episode of @apublicaffair.bsky.social on WORT-FM radio in Madison, Wisconsin. A real honor to be in conversation w/ Don Morgan, CEO of the Bank of North Dakota, the oldest & for many decades last remaining state-owned bank in the country. 110
Oscar Perry Abello @oscarthinks.bsky.social · 19/03/2026Where can I find the fucked up history behind Ward 2 000
Reposted by Oscar Perry AbelloLucas Grindley @lucasgrindley.bsky.social · 04/03/2026A gold medal outcome for community investment models.nextcity.orgOakland Figure Skater Alysa Liu’s Gold Medal Story Has a Surprising Lesson for CitiesA joyful, ebullient performance on ice provides a reason to look back at a landmark community investment program that no longer exists. 022
Oscar Perry Abello @oscarthinks.bsky.social · 19/03/2026I used to worry more about whether that reduces the power & reach of my own work b/c I try to avoid those kinds of narratives that more prominent journalists than me seem to gravitate toward. I worry less and less about that over time. Now even less than ever. Still a hard thought to shake. 030
Oscar Perry Abello @oscarthinks.bsky.social · 19/03/2026I don’t have all the answers, and I can’t say I know for sure I’ve stuck to this standard perfectly every time but one thing I’ve tried to do in my work as a journalist is keep the focus on systems & institutions & how people move & act within them. It’s never about just one person or business. 111
Oscar Perry Abello @oscarthinks.bsky.social · 19/03/2026Let’s also hold ourselves responsible as the media. Organizers should never have to make a calculated move to keep violence a secret b/c speaking up will reduce their movement’s power b/c the media love heroes, strong men especially they can build a story around. medium.com/@dolores_hue...medium.comA Statement from Dolores HuertaMarch 18, 2026 132
Oscar Perry Abello @oscarthinks.bsky.social · 18/03/2026media.tenor.coma close up of a woman 's face with a serious expressionALT: a close up of a woman 's face with a serious expression 001
Reposted by Oscar Perry AbelloLucas Grindley @lucasgrindley.bsky.social · 17/03/2026When it comes to the complexities of finance—especially the good kind—there's no one I trust more than @oscarthinks.bsky.social to explain what's really going on. The latest example:nextcity.orgCDFI Assets Fell For The First Time In Years. Here’s What That Really Means.Credit unions serving low-income populations are increasingly letting their CDFI certification lapse. But they’re not retreating from their mission. 012
Reposted by Oscar Perry AbelloOscar Perry Abello @oscarthinks.bsky.social · 10/03/2026Three years ago, Adelphi Bank in Columbus, OH opened its doors to become the first new African American-designated bank since 2003. It's since grown to $100 million in assets, including $23 million in construction loans & $35 million in commercial real estate loans. nextcity.org/urbanist-new...nextcity.orgThree Years In, America’s First New Black-Led Bank in 20 Years Is Picking Up SteamAdelphi Bank in Columbus has grown to $100 million in total assets by leaning into what community banks do best. 101
Reposted by Oscar Perry AbelloLucas Grindley @lucasgrindley.bsky.social · 16/03/2026These organizers are working not on neighborhood "preservation," not on "revitalization," but "revival." Reported by @nextcity.org's @oscarthinks.bsky.social, here's what that means to them.nextcity.orgBlack Commercial Corridors Are Still Banking On CultureFrom West Oakland to Birmingham, historic commercial districts in Black neighborhoods are using cultural preservation to drive community investment. 011
Oscar Perry Abello @oscarthinks.bsky.social · 17/03/2026If Wallace stayed down the shore at his grandma’s 😭😭😭 000
Reposted by Oscar Perry AbelloSylvia Chi 齊思涵 @sylviachi.bsky.social · 12/03/2026Are there *any* Republican Party leaders who have denounced this or Rep. Ogles' similarly straightforwardly anti-Muslim posts? Per Politico, nothing from Johnson or Thune yet. www.politico.com/live-updates...politico.comTuberville shares social media post suggesting Muslims are ‘the enemy’GOP leadership has remained quiet as a growing number of party members post Islamophobic rhetoric on social media. 1123
Oscar Perry Abello @oscarthinks.bsky.social · 12/03/2026Take that for what you may. Remember when Silicon Valley Bank & Signature Bank failed, many believed it validated the idea that only "too big to fail" banks were safe enough for their money. What do they say now? Meanwhile, actual community banks did okay despite that sentiment going around 🤷🏻♂️ 000