By Erin Baldassari, The Mercury News
In less than a year, a nascent Oakland organization grew from a small staff with some bright ideas and a website into group that is stewarding two properties for permanently affordable housing, with plans to soon acquire a third.
How did they do it? By relying on a lot of people, a new model for investment and some innovative partnerships. But in turning a novel concept for developing affordable properties into a reality, the East Bay Permanent Real Estate Cooperative joined a growing number of organizations in the Bay Area challenging the status quo of the region’s skyrocketing housing costs.
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(Originally published August 25, 2019.)