
East Bay Permanent Real Estate Cooperative, Inc.
East Bay Permanent Real Estate Cooperative, Inc. (EB PREC) is a community-centered development cooperative focused on creating permanently affordable housing and commercial spaces in the East Bay.
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East Bay Permanent Real Estate Cooperative, Inc. (EB PREC) is a community-centered development cooperative dedicated to creating permanently affordable housing and commercial spaces in the East Bay. Led by People of Color, they organize with tenants and community groups to acquire properties, removing them from the speculative market and placing them under community control. EB PREC operates under the core principle that housing is a right, not a commodity, and seeks to address the systemic issues of gentrification and displacement affecting historically marginalized communities.
EB PREC offers multiple pathways for community involvement, including becoming a Community Owner, Resident Owner, Investor Owner, or Staff Owner. They actively support residents in acquiring properties collectively, provide a range of services including community organizing, education, and financial assistance, and prioritize community wealth-building and restorative economic practices. Their innovative model offers a tangible alternative to traditional real estate models, empowering communities to build a more just and equitable future.
Flexibility
East Bay Permanent Real Estate Cooperative, Inc. does not explicitly mention job flexibility on their website. While they do use the word "collective" to describe their staff, this does not give specific information about their approach to flexible work arrangements.
Mission
East Bay Permanent Real Estate Cooperative (EB PREC) is a community-centered development cooperative dedicated to empowering BIPOC communities in the East Bay to cooperatively own and steward land and housing. EB PREC focuses on taking properties off the speculative market, creating permanently affordable and community-controlled assets, and building collective wealth within historically disenfranchised communities. They aim to address the root problems of poverty concentration, neighborhood disinvestment, and displacement caused by gentrification by creating a more just and resilient economic system where housing is a right, not a commodity.
Culture
East Bay Permanent Real Estate Cooperative (EB PREC) fosters a culture of collective empowerment, democratic decision-making, and restorative economics. They prioritize the needs of historically disenfranchised Black, Indigenous, and People of Color communities, striving to create permanently affordable and community-controlled housing and spaces. This mission is reflected in their emphasis on cooperative values, equitable access, and community engagement, encouraging members to actively participate in shaping their own futures and building a more just and equitable society.
DE&I
East Bay Permanent Real Estate Cooperative, Inc. (EB PREC) is committed to building a cooperative housing model that centers BIPOC communities and actively addresses the historical injustices of redlining, disinvestment, and displacement. They specifically prioritize Black and Indigenous communities, believing their liberation is fundamental to the liberation of all people. Their efforts include intentional recruitment of staff and board members from diverse backgrounds, a focus on equitable housing ownership structures, and a commitment to collaborating with community partners that align with their values of restorative justice, collective land stewardship, and community empowerment.
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