Jonny Newburgh, CFA
Jonny Newburgh, CFA
@jonnynewburgh.bsky.social
Community development and consumer credit lender. This is a personal account.
Lol I wonder which 2025 dot is Miran
September 17, 2025 at 7:38 PM
Reposted by Jonny Newburgh, CFA
what special insight does bari weiss have? what story did she break? what has she done other than pretend to be canceled? and the Free Press is barely a journalistic outlet. it is a penthouse letters page for reactionary gen xers
July 11, 2025 at 6:12 PM
I recall @tracyalloway.bsky.social discussing this fear on Odd Lots several years ago. I think that was related to Swiss reactors. Oy veh.
July 3, 2025 at 12:29 AM
Professionally, I finance only FQHCs (nonprofit health centers servicing mostly folks on Medicaid) with debt and tax credits (NMTCs). This is devastating but FQHCs are resilient AF, and they'll find a way.
July 1, 2025 at 5:58 PM
This can't be real, right?
June 30, 2025 at 5:42 PM
Let's hope OZs get cut, NMTCs stay. NMTCs are far more effective at encouraging investment in low income neighborhoods: www.nber.org/system/files...
www.nber.org
June 29, 2025 at 12:13 PM
Seems easier to just open a pilot grocery store and test the hypothesis.
June 26, 2025 at 5:30 PM
"Probably" is doing a lot of work there.

Is there a reason to not test the idea of publicly owned stores at a small scale where there are glaring market failures?
June 26, 2025 at 5:27 PM
Sure, but have you ever tried to underwrite a grocery store built through incentives. Atlanta is a great case study -- Edgewood Kroger (good with NMTCs in large development) vs SW Savi Provisions (bad with direct funding in scattered sites).
June 26, 2025 at 5:12 PM
Fair. The original source used the HUD definition of median income, which is based on the NYC metro area. The city proper has a lower median income ($79,480). Still, earning 125% of the city's median income is not rich. (Furman Center has more recent data: furmancenter.org/neighborhood...)
Manhattan Neighborhood Profile
Last updated: 05/08/2025If you are browsing on a desktop, we encourage you to explore our interactive figures, where you can zoom in and out the figures to gain deeper insights and hover over the figu...
furmancenter.org
June 24, 2025 at 3:02 AM
Ok. I think it's silly to call someone who makes less than the median income rich, but that's just me.
June 23, 2025 at 10:47 PM
Lol, are you a bot? It's the 50th percentile. Is this how @besttrousers.bsky.social always feels?
June 23, 2025 at 9:56 PM
Cool anecdote. Very few neighborhoods (I count 8 "community districts") have median incomes so low: data.cccnewyork.org/data/map/66/....
Median Incomes
Know the Facts. Share the Facts. Be part of the solution.
data.cccnewyork.org
June 23, 2025 at 9:33 PM
100% area median income for a one person household in NYC is $113,400.

$100,000 in NYC is far from rich.

www.nyc.gov/site/hpd/ser...
Area Median Income - HPD
www.nyc.gov
June 23, 2025 at 9:17 PM