Tag: Amalgamated Clothing Workers of America

Cooperatives The Answer to Wide-Spread Home Ownership

Aug 6, 2013

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by

Daniela

in New Economy

There is a lot of talk nowadays about a post-industrial economy. Some of the ideas being floated have much in common with Distritubutism – an economic philosophy that developed in Europe in the late 19th and early 20th century and was based upon the principles of Catholic social teaching. Distributists claim property ownership is a fundamental right. They,…
National Cooperative Bank completes $30 million loan to housing co-op founded in 1927 by Amalgamated Clothing Workers Union

Jul 23, 2013

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by

Daniela

in Uncategorized

National Cooperative Bank (NCB), a leading financial services company dedicated to providing banking products to cooperatives nationwide, just completed a $30 million loan for Amalgamated Houses in the Bronx, New York. The country’s oldest limited equity cooperative secured the loan to refinance approximately $8.5 million of existing debt and $19.6 million to bolster its reserves and undertake…