[dropcap]Housing[/dropcap] 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. [mc4wp_form id=”6042″]
“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.”