By Zach Haber, Post News Group
Excerpt: The East Bay Permanent Real Estate Cooperative (EB PREC) is working to keep Black, indigenous, people of color and allied communities in the East Bay by communally purchasing and sustaining land and housing with local residents.
“The critical part of our project is that we take land and housing permanently off the speculative market,” said EB PREC’s Executive Director and third-generation West Oakland resident Noni Session. She, along with six other local residents, form the Black led and POC majority staff of EB PREC, and the growing cooperative currently has more than 125 other non-staff members including resident owners and investors.
In an interview with The Oakland Post, Session explained how EB PREC is replacing landlords with resident owners and investors who are driven by the desire to sustain the community as opposed to make money.
Read the full article here.
(Originally published September 19, 2019.)