By Erin Baldassari for the Mercury News
Excerpt: Noni Session, a third-generation Oakland resident, returned after five years to the city where she was raised only to find it growing increasingly unrecognizable. Session is now the director of the East Bay Permanent Real Estate Cooperative, or EB PREC, a nascent cooperative corporation that last week launched its first campaign to purchase a four-unit apartment building in North Oakland. While housing cooperatives have long worked to purchase individual properties and retain them as affordable housing stock, EB PREC is hoping its model can grow into a network of properties that can begin to effect lasting change.
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(Originally published December 11, 2018.)