By Alison Chopel et al. from Nonprofit Quarterly

Excerpt:

The PREC model was developed via a collaboration between the People of Color Sustainable Housing Network and the Sustainable Economies Law Center with the intention to develop a way to acquire real estate that could be owned by the community; enable residents to stay in a region undergoing gentrification; create permanency, especially for activists and artists; and be financed by community members and accredited investors together with philanthropists. The result was a new organizational structure that aimed to remove real estate from the speculative market while fostering community stewardship and equity.

Read the full article here.

(Originally published October 20, 2025)