East Bay Permanent Real Estate Cooperative – Oakland, CA
The East Bay Permanent Real Estate Cooperative (EB PREC) is a community-centered development co-op run and led by people of color. It supports BIPOC and allied communities in cooperatively organizing, financing, purchasing, and stewarding mixed-use and residential property in the East Bay.
The cooperative takes property off the speculative market to create community-controlled assets. While EB PREC has generally focused its efforts on preserving affordable housing for long-term residents, the 7th Street Cultural Cooperative Corridor project along the historic corridor in West Oakland aims to create a cultural and economic resource for Oakland and the Black Arts Community.