Housing is a national crisis due to speculative investment and gentrification. I spoke to Noni Session, executive director of the Oakland-based East Bay Permanent Real Estate Cooperative (EBPREC), about solutions. This is the cooperative’s mission statement:
“EBPREC is: A movement based, investor crowd-funded, multi-land holding entity through which Black, Indigenous, People of Color, and allied communities can cooperatively organize, finance, purchase, occupy, and steward properties, taking them permanently off the speculative market.
“By co-creating community controlled assets, and thereby reducing risk of displacement, we help people meet their basic social, economic, and emotional needs and empower them to cooperatively lead a just transition from an extractive capitalist system into one where communities are ecologically, emotionally, spiritually, culturally, and economically restorative and regenerative.”