You don’t have to be an economic development expert to know that an extra $500 million in the hands of New Yorkers would be a good thing for city residents and the city at large.
That money is there to be had if only eligible low-income residents would apply for the earned income tax credit (EITC). As we report in this issue, city residents took home $1.4 billion from this one deduction but another half a billion dollars went unclaimed.
There are two nonprofits with outposts in our community, Food Change and Money Site that are trying to spread the word and help eligible residents apply for the money they are due. But they can’t do it alone. Local elected officials, community leaders and residents should help get the word out by telling their constituents and neighbors about the EITC.
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Welcome to the Norwood News, a bi-weekly community newspaper that primarily serves the northwest Bronx communities of Norwood, Bedford Park, Fordham and University Heights. Through our Breaking Bronx blog, we focus on news and information for those neighborhoods, but aim to cover as much Bronx-related news as possible. Founded in 1988 by Mosholu Preservation Corporation, a not-for-profit affiliate of Montefiore Medical Center, the Norwood News began as a monthly and grew to a bi-weekly in 1994. In September 2003 the paper expanded to cover University Heights and now covers all the neighborhoods of Community District 7. The Norwood News exists to foster communication among citizens and organizations and to be a tool for neighborhood development efforts. The Norwood News runs the Bronx Youth Journalism Heard, a journalism training program for Bronx high school students. As you navigate this website, please let us know if you discover any glitches or if you have any suggestions. We’d love to hear from you. You can send e-mails to norwoodnews@norwoodnews.org or call us anytime (718) 324-4998.